Talbros Automotive Components Limited has announced the acquisition of a 26% equity stake in CleanMax Kaziranga Private Limited, investing ₹3,37,49,520 to secure solar power for its manufacturing operations in Haryana. The company disclosed this strategic investment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Solar Power Investment

The acquisition targets CleanMax Kaziranga Private Limited, a special purpose vehicle established specifically to develop and operate a grid-connected captive solar power project. This investment aligns with Talbros Automotive Components' strategy to obtain renewable energy for captive consumption across its manufacturing units in Haryana state.

Transaction Structure and Share Details

The investment comprises a carefully structured equity acquisition involving two categories of shares. The company has acquired 2,600 equity shares at face value of ₹10 each, along with 53,360 equity shares at face value of ₹10 each, carrying a premium of ₹622 per share.

Target Entity Background

CleanMax Kaziranga Private Limited operates as a special purpose vehicle under the group captive model framework established under the Electricity Act, 2003. The entity was incorporated on 26th September, 2024, specifically to generate and supply solar power to consumers. The company belongs to the renewable power production industry and focuses on developing sustainable energy solutions.

Regulatory Compliance and Independence

The acquisition does not constitute a related party transaction, with Talbros Automotive Components confirming that its promoters, promoter group, or group companies have no existing interest in CleanMax Kaziranga Private Limited beyond this investment. The transaction requires no additional governmental or regulatory approvals, streamlining the completion process.

Business Impact and Objectives

This strategic investment enables Talbros Automotive Components to secure a reliable source of renewable energy for its Haryana-based manufacturing facilities. The captive solar power model provides the company with greater energy cost control and supports its sustainability initiatives while ensuring consistent power supply for its automotive component manufacturing operations.

Talbros Automotive Components Limited (TACL), along with its joint ventures, has announced securing multi-year orders worth over Rs. 1000 crores from leading domestic and international original equipment manufacturers (OEMs). The comprehensive order book spans across all the company's product lines and is set to be executed over the next 5 years, with commercialization beginning from FY27.

Order Breakdown and Business Segments

The substantial order portfolio encompasses diverse automotive components across multiple business verticals. The orders include products from gaskets, heat shields, forging components, hoses, anti-vibration parts, and chassis components, reflecting the company's comprehensive manufacturing capabilities.

Strategic Market Expansion

The order acquisition demonstrates Talbros Automotive Components' deepening footprint in the highly competitive European market. A significant portion of the forgings business orders comes from a newly onboarded customer—a major European-based global automotive component supplier. This expansion showcases the company's capability to meet global benchmarks and positions it as a reliable supplier within the European automotive ecosystem.

The company is gaining substantial market share in the European region, with export orders constituting approximately Rs. 700 crores of the total order book. The orders include approximately Rs. 100 crores specifically targeting the electric vehicle (EV) segment, highlighting the company's strategic alignment with the automotive industry's transition toward electrification.

Joint Venture Performance

The company's joint venture partnerships have contributed significantly to the order wins. Marelli Talbros Chassis Systems secured export orders worth approximately Rs. 90 crores for Body-in-White (BIW) components from a multinational automobile manufacturer producing luxury vehicles and SUVs, specifically catering to the EV segment. Meanwhile, Talbros Marugo Rubber secured orders worth approximately Rs. 170 crores in the domestic market for hoses and anti-vibration parts.

Regulatory Compliance and Execution Timeline

The orders are structured to be executed over the next 5 years, providing the company with enhanced revenue visibility and improved profitability prospects. These orders from highly specialized automotive markets and customers significantly demonstrate the capabilities developed by TACL and its joint venture companies in meeting stringent global quality and performance standards.