TCPL Packaging Limited has entered into a Share Purchase Agreement to acquire 26% equity shares in Clean Max Hana Private Limited, a special purpose vehicle established for renewable energy generation and transmission. The acquisition, announced on March 9, 2026, represents the company's strategic move towards sustainable energy solutions and regulatory compliance.

Transaction Overview

The acquisition has been structured as a cash transaction valued at Rs. 1.09 crores. TCPL Packaging will maintain up to 26% equity stake in the SPV throughout the project term, with the transaction completed upon execution of the Share Purchase Agreement.

About Clean Max Hana Private Limited

Clean Max Hana Private Limited is a newly incorporated private limited company established under the Companies Act, 2013. The company was incorporated on June 18, 2025, with the Corporate Identification Number U35105MH2025PTC450800.

Strategic Objectives

The acquisition aligns with TCPL Packaging's sustainability initiatives and operational efficiency goals. The company has identified several key objectives for this investment:

• Meeting green energy requirements for operations
• Optimizing energy costs through renewable sources
• Ensuring compliance with regulatory requirements for captive power consumption under electricity laws
• Supporting the development of a captive solar power project in Uttarakhand

Regulatory and Compliance Aspects

The transaction does not fall under related party transactions, with no promoter or promoter group companies having any interest in Clean Max Hana Private Limited. The acquisition requires no governmental or regulatory approvals, streamlining the completion process.

As a newly incorporated SPV, Clean Max Hana Private Limited has no historical turnover data for the past three years. The company operates exclusively in India's renewable energy sector, focusing on solar power generation and transmission infrastructure development.

TCPL Packaging Limited has announced its Q3 FY26 financial results alongside significant leadership changes, marking a pivotal moment in the company's corporate governance. The packaging solutions provider reported mixed financial performance while transitioning to new leadership under Saket Kanoria's expanded role.

Q3 FY26 Financial Performance

The company's consolidated financial results for the quarter ended December 31, 2025 showed revenue from operations declining to Rs. 464.95 crore compared to Rs. 472.25 crore in the corresponding quarter of the previous year. Net profit after tax stood at Rs. 25.04 crore for Q3 FY26.

Nine Months Performance Overview

For the nine months ended December 31, 2025, TCPL Packaging demonstrated resilience with consolidated revenue from operations reaching Rs. 1,333.55 crore compared to Rs. 1,326.34 crore in the corresponding period of the previous year. The company reported net profit of Rs. 76.08 crore for the nine-month period.

Major Leadership Transition

In a significant corporate development, K K Kanoria has stepped down from his role as Executive Chairman due to his advanced age, effective from the close of business hours on February 9, 2026. The Board of Directors has conferred upon him the honorary title of Chairman Emeritus in recognition of his exceptional contribution over several decades.

Operational Developments

The company's wholly owned subsidiary, Accura Technik Private Limited, has commenced commercial production at its manufacturing facility in Silvassa effective February 9, 2026. The state-of-the-art gravure cylinder manufacturing facility represents a significant milestone in the company's backward integration strategy with an installed capacity of 12,000 cylinders per annum.

Regulatory Compliance and Auditor Review

The financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 9, 2026. Singhi & Co., Chartered Accountants, conducted the limited review as required under Regulation 33 of SEBI Listing Regulations and issued an unmodified review report on these results.