Wheels India Limited convened a conference call with Fund Managers, Analysts, and Investors on May 15, 2026 at 3:30 P.M. (IST). The event was announced in advance through a letter dated May 11, 2026, and the associated investor presentation was made accessible through the company's official investor relations webpage.

Conference Call Details

The conference call was organised in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). The disclosure was submitted to both major stock exchanges where the company is listed. Key details of the event are summarised below:

Regulatory Compliance

The intimation was filed with both the National Stock Exchange of India Limited and BSE Limited as required under applicable listing regulations. The disclosure was digitally signed by K V Lakshmi, Company Secretary & Compliance Officer, on May 15, 2026. The company's registered office is located at 21, Patullos Road, Chennai – 600 002, with its factory situated at Padi, Chennai – 600 050.

Wheels India Limited has successfully completed a strategic investment in the renewable energy sector, acquiring a significant stake in a solar power company for ₹3.43 crores. The transaction was completed on April 30, 2026, as part of the company's expansion into clean energy solutions.

Investment Details

The acquisition involved the purchase of 3,43,245 equity shares of Emerge Solar One Private Limited at ₹100 per share, representing the face value of each equity share. The total investment amount of ₹3,43,24,500 secures Wheels India a 32.65% shareholding in the target company.

Target Company Profile

Emerge Solar One Private Limited (CIN U35105TN2024PTC173924) operates in the renewable energy sector, specifically focusing on solar power generation. The company was incorporated on October 08, 2024, and is engaged in generating, producing, and distributing solar energy with an aggregate capacity of up to 13.864 MWp DC in Tamil Nadu.

The target company is a subsidiary of EG Green Parks Private Limited and currently has a paid-up capital of ₹8,20,000. As the entity has not yet commenced its main business operations, its turnover remains nil.

Strategic Rationale

The acquisition serves Wheels India's objective of procuring solar power under the captive generation scheme. This investment represents a strategic move outside the company's main line of business, positioning it to benefit from renewable energy generation for its operational requirements.

The generated electricity from the solar plants will be sold under the Captive Scheme as per the Power Purchase Agreement (PPA) framework. The transaction requires regulatory approval from TANGEDCO (Tamil Nadu Generation and Distribution Corporation).

Transaction Structure

The acquisition was completed through cash consideration rather than share swap or other forms of payment. Wheels India confirmed that this transaction does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in the acquired entity.

The company has notified both the National Stock Exchange of India Limited and BSE Limited about this investment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance and transparency.