CIE Automotive 's wholly-owned subsidiary, CIE Aluminium Casting India Limited (CIEALCAST), has acquired a significant stake in AMPIN Energy C&I Thirty One Private Limited, marking its entry into the renewable energy sector. This move aligns with the company's strategy to optimize power costs and enhance its sustainability profile.

Key Highlights of the Acquisition

• Stake Acquired: 39.91% of AMPIN Energy C&I Thirty One Private Limited
• Number of Shares: 8,75,000 equity shares
• Investment Amount: Rs 87.5 lakh
• Share Price: Rs 10 per share (acquired at par value)

Strategic Rationale

The primary objective of this investment is to establish a captive solar power plant with a gross capacity of approximately 5 MWp (3.3 MWac). This initiative is expected to optimize power costs at CIE's manufacturing facility in Maharashtra.

Investment Structure

About AMPIN Energy C&I Thirty One Private Limited

• Incorporation Date: November 28, 2023
• Business Focus: Developing and operating renewable energy projects
• Parent Company: AMPIN CI Private Limited

Financial Implications

While the immediate investment is relatively small compared to CIE Automotive India's overall financial position, it represents a strategic move towards sustainable energy solutions. As per the latest consolidated balance sheet data:

The investment in AMPIN Energy, while not significantly impacting these figures, aligns with the company's growth in investments, which have seen a substantial increase of 26.53% year-over-year.

Outlook

This strategic investment not only positions CIE Automotive India to benefit from reduced power costs but also demonstrates the company's commitment to sustainable practices. As the renewable energy sector continues to grow, this move could potentially open up new opportunities for the company in the green energy space.

Investors and stakeholders will be keen to observe how this investment impacts CIE Automotive India's operational efficiency and sustainability metrics in the coming quarters. The completion of the second tranche of investment, expected within the next four months, will be a key milestone to watch for further developments in this strategic initiative.

CIE Automotive , a prominent player in the automotive components sector, recently held a significant investor meeting in Mumbai, organized by JM Financial. The event saw participation from several major investors, including ChrysCapital, JP Morgan, Shriram MF, and others, highlighting the company's commitment to transparent communication with its stakeholders.

Key Highlights of the Investor Meeting

The meeting served as a platform for CIE Automotive to engage with its investors and provide clarity on recent financial results and company strategies. Here are the main points from the event:

1. Participants: The meeting attracted a diverse group of investors, including representatives from ChrysCapital, JM Financial PMS, Karma Capital, Shriram MF, Subhkam Ventures, JP Morgan, Guardian Capital Partners, First Water Capital Advisers, and Bandhan Life.

2. Company Representatives: CIE Automotive was represented by K Jayaparakash, Chief Financial Officer, and Vikas Sinha, Sr. Vice President, Strategy & Chief Investment Relations Officer.

3. Discussion Focus: The discussions primarily revolved around clarifications and questions regarding the company's Q3 and 9M Investor Presentation and the Q3 Results Conference Call Transcript, both of which are available on the company's website.

4. Transparency: In line with regulatory requirements, CIE Automotive confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the meeting, maintaining transparency and compliance with SEBI regulations.

Meeting Details

To provide a clear overview of the investor meeting, here's a summary of the key details:

This investor meeting underscores CIE Automotive's dedication to maintaining open lines of communication with its investors and the financial community at large. By providing a forum for direct interaction and clarification, the company demonstrates its commitment to transparency and shareholder engagement.