ASI Industries Limited has entered into a strategic partnership for captive solar power generation, announcing an investment of ₹182.40 lakhs in Sunsure Solarpark Fifty Two Private Limited (SSFTPL). The company disclosed this development through a regulatory filing dated February 10, 2026, in compliance with SEBI listing regulations.

Power Purchase Agreement and Investment Structure

The investment stems from a comprehensive power purchase agreement signed on February 9, 2026, between ASI Industries and SSFTPL. Under this arrangement, SSFTPL will serve as the solar power producer and generator, supplying power to ASI Industries as a captive user.

Solar Power Project Specifications

SSFTPL is developing a solar power project at Mundasar, Rajasthan, with significant generation capacity. The project is designed to supply power to captive users on a long-term basis, providing sustainable energy solutions.

Investment Timeline and Compliance

The investment will be executed in two phases to align with project development milestones. The first tranche of ₹18.24 lakhs is scheduled within 30 days from the agreement signing date, while the second tranche of ₹164.16 lakhs will be paid 45 days prior to the anticipated commercial operation date of the solar plant.

This investment structure ensures ASI Industries meets captive requirements under electricity laws, which mandate that captive shareholders hold not less than 26% of the share capital collectively and consume the solar energy generated from the project in accordance with applicable captive requirements.

Target Company Background

Sunsure Solarpark Fifty Two Private Limited was incorporated on June 25, 2025, and is currently in the project development phase. As a newly incorporated entity, SSFTPL has not yet commenced commercial operations and reports no historical turnover. The company operates within India's renewable energy sector, focusing specifically on solar power generation for captive consumption.

The transaction does not constitute a related party transaction, and no promoter or group companies of ASI Industries have any interest in SSFTPL. This strategic investment represents ASI Industries' commitment to sustainable energy solutions and long-term power security for its operations.

SAI Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2025, showing significant improvement in financial performance with reduced losses. The Board of Directors approved these results during their meeting held on January 24, 2026.

Q3FY26 Financial Performance

The company demonstrated notable improvement in its quarterly performance, with losses reducing substantially compared to the previous year and the preceding quarter.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, SAI Industries reported a cumulative net loss of ₹2.48 lacs compared to ₹1.91 lacs in the corresponding period of the previous year. The increase in nine-month losses was primarily attributed to higher expenses in the second quarter.

Balance Sheet Position

As of December 31, 2025, the company's financial position showed mixed trends with stable equity share capital but increased current liabilities.

The company's investments remained stable at ₹731.00 lacs, while cash and cash equivalents decreased to ₹0.09 lacs. Current liabilities showed a marginal decrease, with borrowings at ₹823.47 lacs compared to ₹825.00 lacs at the end of FY25.

Regulatory Compliance and Audit

The financial results were reviewed by Girotra & Co., Chartered Accountants, who issued a limited review report confirming compliance with applicable accounting standards and SEBI regulations. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the company's Audit Committee before Board approval on January 24, 2026.