IEL Limited, a company listed on the Bombay Stock Exchange, has announced a significant strategic move into the renewable energy sector. The company's Board of Directors has approved an amendment to its Memorandum of Association, paving the way for entry into the solar energy and solar plant business.

Expansion into Renewable Energy

The Board meeting resulted in the approval of a new sub-clause to be inserted under Clause 3(A) of the company's Memorandum of Association. This amendment, subject to shareholder approval, will significantly broaden IEL Limited's scope of operations.

The new sub-clause allows IEL Limited to:

• Generate, develop, and distribute power using various renewable energy sources including wind, solar, hydro, thermal, and tidal energy
• Set up power plants, solar parks, wind farms, and other renewable energy facilities
• Manufacture, buy, sell, and trade in machinery and equipment related to power generation and distribution

This move positions IEL Limited to capitalize on the growing demand for clean energy solutions and aligns with global trends towards sustainable power generation.

Annual General Meeting Announcement

In the same board meeting, IEL Limited also approved the convening of its 69th Annual General Meeting (AGM). Key details of the AGM include:

Shareholders can expect to receive the Notice, along with information on the record/book closure date and e-voting period, in due course.

Implications for Shareholders

The proposed amendment to the Memorandum of Association represents a significant shift in IEL Limited's business focus. Shareholders will have the opportunity to vote on this amendment, which could potentially open new revenue streams and growth opportunities for the company in the renewable energy sector.

IEL Limited's move into renewable energy comes at a time when global emphasis on sustainable and clean energy solutions is at an all-time high. This strategic decision could position the company to benefit from government initiatives and growing market demand for renewable energy technologies.

Investors and stakeholders will be keenly watching how this expansion impacts IEL Limited's financial performance and market position. The upcoming AGM will likely provide more insights into the company's plans and strategies for implementing this new business direction.

As the renewable energy sector continues to evolve rapidly, IEL Limited's entry into this space marks a significant milestone in the company's history and could shape its future trajectory in the energy market.

IEL Limited has experienced a reduction in stake by Ambassador Intra Holdings Limited through open market transactions on the Bombay Stock Exchange (BSE). Ambassador Intra Holdings sold 711,235 equity shares of IEL, decreasing its ownership from 9.68% to 9.18% of the total share capital.

Transaction Details

The sale was executed on August 12, 2025, with the disclosure made on August 13, 2025. This transaction follows a previous sale on August 12, 2025, where Ambassador Intra Holdings sold 702,643 shares, reducing its stake from 10.19% to 9.68%.

Company Overview

IEL has a total equity share capital of Rs. 13.93 crore, divided into 13.93 crore equity shares of Re. 1 each. It's important to note that Ambassador Intra Holdings is not part of the promoter group of IEL.

Regulatory Compliance

The transaction was reported in compliance with regulatory requirements. Ambassador Intra Holdings Limited filed the necessary disclosures with both the BSE and IEL.

These share sales by Ambassador Intra Holdings Limited represent a significant change in the ownership structure of IEL, potentially impacting the company's shareholder dynamics.