Almondz Global Securities Limited (AGSL) has announced a significant development in its joint venture company, Premier Green Innovations Private Limited (PGIPL). PGIPL, in which AGSL holds a 40.99% stake through its wholly-owned subsidiary, has entered into a strategic alliance with Entity 1 Value Emission Pvt Ltd. This partnership aims to revolutionize waste management and sustainable energy production in India.

Strategic Alliance Details

The collaboration between PGIPL and Entity 1 focuses on developing and deploying Microbial Electrochemical Cell (MECC)-based waste-to-value platforms. These innovative platforms are designed to produce a range of valuable products, including:

• Hydrogen
• Methanol
• Ethyl acetate
• Other value-added chemicals

Investment and Technology

The alliance involves a substantial investment of Rs. 500.00 crores over a three-year period. This investment will be utilized to build alternative materials for a full-scale alternate refinery, showcasing the partners' commitment to sustainable and innovative solutions in the energy sector.

Entity 1's first MECC reactor has already been installed at PGIPL's Kangra site, with trial production set to commence shortly. This technology is poised to make a significant impact on waste management and clean energy production in India.

Key Features of the Waste-to-Value Platform

1. Diverse Feedstock Utilization: The platform will convert agricultural residues, dairy, and food-processing effluents into clean fuels and chemicals.

2. Competitive Pricing: The technology is expected to produce methanol at a highly competitive price of Rs. 22.00 per litre.

3. Modular and Scalable Design: The MECC reactors are designed with capacities ranging from 0.50 to 100.00 tonnes per day, allowing for rapid deployment and reduced capital expenditure.

4. Multiple Value-Added Products: In addition to hydrogen and methanol, the platform will produce bio-methane, acetic acid, and ethyl acetate, with potential for carbon credits.

Environmental and Economic Impact

This strategic alliance aligns with India's energy transition goals and waste management policies. It is expected to:

• Reduce greenhouse gas emissions
• Improve municipal and industrial waste management
• Create jobs across various sectors, including planning, construction, operations, and engineering
• Enhance energy access and promote rural development through waste-to-energy infrastructure

Company Statements

Dr. Kaushik Palicha, Founder of Entity 1, stated, "Today's announcement marks a pivotal step in redefining Bio-waste as a strategic resource. By integrating advanced MECC reactors with Premier Green Innovations' execution capabilities, we have opened avenues which include hydrogen & methanol to name a few that can power various industrial sectors in manufacturing and transport sustainably through green initiatives while delivering economic value."

Vikas Gupta, CEO of PGIPL, added, "Premier Green Innovations is committed to accelerating the adoption of innovative green technologies. Our partnership with Entity 1 Value Emission Pvt Ltd., will push the boundaries of what is possible in waste valorisation, creating a versatile platform that supports India's energy transition and climate goals."

This strategic alliance represents a significant step forward in sustainable waste management and clean energy production, potentially reshaping the landscape of India's energy and chemical sectors.

Almondz Global Securities Limited (AGSL) has announced a significant change in its corporate structure, as its wholly owned subsidiary, Almondz Global Infra-Consultant Limited (AGICL), transitions to subsidiary status following a recent share allotment.

Share Allotment Details

AGICL has allotted 33,19,318 equity shares to Avonmore Capital & Management Services Limited (ACMS), the holding company of AGSL. The shares, with a face value of ₹10 each, were issued at ₹45.19 per share, totaling ₹14.99 crore. This allotment was executed through the conversion of a loan to equity shares.

Impact on Shareholding

As a result of this transaction:

• AGSL's shareholding in AGICL has been diluted to 79.15% of the total paid-up capital.
• The absolute number of shares held by AGSL in AGICL remains unchanged.
• AGICL has ceased to be a wholly owned subsidiary but continues as a subsidiary of AGSL.

Financial Contribution

AGICL has been a significant contributor to AGSL's financial performance. In the last financial year:

Regulatory Compliance

AGSL has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that all necessary information has been provided to the stock exchanges and is available on the company's website.

Management Statement

Ajay Pratap, Director Legal & Corporate Affairs & Company Secretary of Almondz Global Securities Limited, signed off on the regulatory filing, emphasizing the company's commitment to transparency and adherence to disclosure requirements.

This strategic move marks a significant shift in the corporate structure of Almondz Global Securities Limited, potentially impacting its operational dynamics and financial reporting in the coming periods.