Cosmo First Limited has announced its entry into a strategic agreement to acquire a stake in a renewable energy special purpose vehicle, marking a significant step towards sustainable power sourcing for its manufacturing operations. The company disclosed this development through a regulatory filing dated February 16, 2026, under Regulation 30 of SEBI listing requirements.

Strategic Acquisition Details

The company has entered into a Security Subscription and Shareholders' Agreement with Hexa Sunshine Private Limited and its holding company. This transaction involves acquiring up to 26% shareholding in the SPV through cash consideration.

Target Entity Profile

Hexa Sunshine Private Limited serves as a special purpose vehicle specifically created for renewable energy projects. The entity was incorporated on April 16, 2024, and operates in the renewable power sector.

Strategic Objectives

The acquisition is designed to secure hybrid renewable power supply for Cosmo First's manufacturing plants located in Gujarat. This arrangement will operate on a group captive consumer basis, providing the company with dedicated renewable energy access for its production facilities.

The transaction is not classified as a related party transaction, indicating arm's length dealings between the parties involved. No governmental or regulatory approvals are required for this acquisition.

Transaction Timeline

The proposed transaction remains subject to execution of definitive agreements and completion of customary conditions precedent. The company has not specified an exact timeline for completion, indicating that standard due diligence and documentation processes are still underway.

This strategic move aligns with the growing trend of manufacturing companies securing dedicated renewable energy sources to support their operations while potentially reducing long-term power costs and environmental impact.

Cosmo First Limited announced its unaudited financial results for the quarter ended December 31, 2025, following a board meeting held on February 11, 2026. The company reported strong revenue growth with consolidated net profit of ₹29.50 crores for Q3FY26 compared to ₹29.56 crores in the corresponding quarter of the previous year, while nine-month consolidated net profit increased to ₹119.07 crores from ₹106.27 crores.

Consolidated Financial Performance

The company demonstrated robust operational performance with consolidated revenue from operations for Q3FY26 reaching ₹898.98 crores compared to ₹700.65 crores in Q3FY25, representing a significant 28.31% growth. For the nine-month period, consolidated revenue reached ₹2,618.04 crores against ₹2,149.24 crores in the previous year, marking a 21.82% increase.

Standalone Financial Results

On a standalone basis, the company reported revenue from operations of ₹820.15 crores for Q3FY26 compared to ₹678.66 crores in Q3FY25, representing a 20.85% increase. Standalone net profit for the quarter was ₹17.19 crores versus ₹22.44 crores in the previous year. For the nine-month period, standalone net profit reached ₹76.46 crores compared to ₹71.13 crores in the previous year.

Segment-wise Performance Analysis

The company's packaging films segment, its primary revenue driver, generated revenue of ₹848.49 crores in Q3FY26 compared to ₹668.79 crores in the previous year, showing strong growth of 26.87%. The speciality chemicals segment contributed ₹51.84 crores versus ₹44.43 crores, while the petcare segment recorded revenue of ₹14.96 crores compared to ₹9.85 crores in Q3FY25.

Key Corporate Developments

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 11, 2026, with the board meeting conducted from 02:15 PM to 05:10 PM. During the quarter, Cosmo Films Inc., USA became a wholly owned direct subsidiary of the company, resulting in a gain of ₹6.05 crores in other income. The company also reported a one-time increase in employee benefit liability of ₹4.04 crores under the New Labour Codes that came into effect from November 21, 2025.

Regulatory Compliance Update

Following the board approval, Cosmo First Limited completed its regulatory obligations by publishing the unaudited financial results in Business Standard newspaper on February 12, 2026. The publication was made in both English and Hindi editions, ensuring compliance with Regulation 47 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Jyoti Dixit confirmed the completion of newspaper publication requirements through official communication to BSE and NSE.