Sarda Energy & Minerals Ltd has announced a substantial investment of ₹48.23 crores in its wholly-owned subsidiary, Sarda Energy Limited (SEL). The investment was made through subscription to a rights issue, demonstrating the parent company's continued commitment to strengthening its subsidiary operations.

Investment Details

The company has acquired 2,83,693 equity shares of ₹10.00 each at a premium of ₹1,690.00 per equity share through the rights issue subscription. This transaction maintains the parent company's 100% shareholding in Sarda Energy Limited, with no change in the ownership structure.

Strategic Objectives

The fund infusion serves dual purposes for the subsidiary's financial health and operational efficiency. The primary objectives are:

1. To reduce the existing loan burden of Sarda Energy Limited
2. To support day-to-day operational activities

This investment aims to improve the company's debt profile, enhance financial stability, and ensure smooth business operations in the renewable energy sector.

Subsidiary Performance Overview

Sarda Energy Limited, incorporated on April 22, 2008, operates as the group's investment vehicle in the renewable energy business. The subsidiary has demonstrated revenue growth over the past three years, showcasing the sector's potential and the company's operational capabilities.

Company Structure

Sarda Energy Limited maintains a modest capital structure with an authorized share capital of ₹1.00 crore and a paid-up share capital of ₹71.63 lakhs. As a wholly-owned subsidiary, all strategic decisions and investments are aligned with the parent company's overall business objectives and growth strategy.

Regulatory Compliance

The investment was executed under the powers vested in the company's executives for making investments in wholly-owned subsidiaries. No additional governmental or regulatory approvals were required for this transaction, enabling swift completion of the fund infusion process.

Sarda Energy & Minerals Ltd has reported an industrial accident at its captive power plant facility in Siltara, Raipur, which occurred on December 20, 2025. The company informed both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) about the incident through regulatory filings.

Incident Details

The accident was caused by leakage in a steam pipeline at the company's power plant unit during evening hours. The incident resulted in serious consequences for the plant personnel present at the time.

Emergency Response and Control Measures

The company's emergency response system activated immediately following the incident. Sarda Energy & Minerals reported that the leakage was swiftly brought under control, demonstrating the effectiveness of their safety protocols. The emergency procedures worked as designed, helping to contain the situation and prevent further escalation.

The exact cause of the steam pipeline leakage remains under investigation. The company has not yet determined the specific factors that led to the pipeline failure, indicating that a thorough technical assessment is likely underway.

Regulatory Filing and Compliance Explanation

The company initially filed its notification on December 22, 2025, followed by an updated submission on December 23, 2025, explaining the circumstances behind the delayed filing. In its communication to stock exchanges, Sarda Energy & Minerals clarified that the delay in filing the intimation was due to several factors.

The company explained that the compliance officer experienced a delay in receiving information because the field team was busy attending to the emergency situation. Additionally, the intervening holiday on December 21, 2025, contributed to the delayed notification. The company emphasized that the delay in filing was unintentional and requested the exchanges to condone the same.

Regulatory Framework

The notifications were made under Regulation 30 of the Securities and Exchange Board of India (SEBI) listing regulations, which requires listed companies to disclose material events and information that could impact investor decisions. The company fulfilled its regulatory obligations by providing detailed information about the incident to both stock exchanges.