Meghmani Organics Limited has entered into a renewable energy supply agreement with Pro-Zeal Green Power Fifteen Private Limited on January 13, 2026, marking a significant step toward sustainable energy sourcing. The agreement involves sourcing 3.30 MW Wind-Solar Hybrid (WSH) Power from a project located in Gujarat state, where Meghmani Organics will participate as a captive consumer.

Agreement Details and Investment Structure

The renewable energy agreement encompasses both power supply and equity participation components. Meghmani Organics will invest ₹3.63 crores in one or more tranches to subscribe to minimum 26% securities of Pro-Zeal Green Power Fifteen Private Limited.

Power Producer Background

Pro-Zeal Green Power Fifteen Private Limited serves as the power producer for this project. The company was incorporated on June 2, 2025, with CIN U35105GJ2025PTC163625, and operates in the generation, transmission, and maintenance of renewable energy sector. Currently, the power producer maintains a paid-up equity capital of ₹1.00 lakh and has yet to commence commercial operations.

Strategic Objectives and Compliance

The renewable energy initiative addresses multiple strategic objectives for Meghmani Organics Limited. The company aims to meet rising energy demands while advancing sustainability commitments through this captive power arrangement. The investment structure ensures compliance with captive consumer rules under the Electricity Act, providing regulatory alignment for the renewable energy sourcing strategy.

Implementation Timeline and Regulatory Framework

The securities subscription process will be completed within a 6 to 9 month period through cash consideration. The transaction operates as an arm's length arrangement and does not constitute a related party transaction. No governmental or regulatory approvals are required for the securities subscription of the power producer.

Corporate Disclosure Compliance

Meghmani Organics Limited has fulfilled disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced earlier intimation MOL/2025-26/07 dated May 10, 2025, and indicated that requisite disclosure per Schedule III of SEBI Listing Regulations will be made upon execution of the SSSHA, following SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Meghmani Organics Ltd has announced a strategic investment in renewable energy infrastructure through a partnership with Pro-Zeal Green Power. The company has entered into an agreement to source clean energy from a wind-solar hybrid power facility while taking an equity stake in the project.

Investment Details

The investment structure demonstrates Meghmani Organics' commitment to sustainable energy sourcing:

Project Timeline

The wind-solar hybrid power project is scheduled for completion within a defined timeframe. The expected completion period spans 6 to 9 months from the agreement date, indicating a relatively swift implementation of the renewable energy infrastructure.

Strategic Implications

This partnership represents Meghmani Organics' strategic move toward renewable energy adoption. By securing both power sourcing rights and equity participation, the company positions itself to benefit from clean energy generation while maintaining operational control through its ownership stake. The hybrid technology combining wind and solar power sources offers enhanced reliability and consistent energy generation compared to single-source renewable systems.

The investment aligns with growing corporate sustainability initiatives and provides the company with long-term energy security through renewable sources. The 3.30 MW capacity will contribute to Meghmani Organics' power requirements while supporting its environmental sustainability objectives.