N R Agarwal Industries , a textile manufacturer based in Bijainagar, Rajasthan, has successfully commissioned a 302-kW rooftop solar project as part of its strategy to reduce operational costs and achieve sustainable manufacturing. The company was previously incurring over ₹20.00 million annually in electricity expenses, making the transition to solar power a financially strategic decision.

Project Performance and Savings

The newly installed solar system demonstrates significant economic and environmental benefits for the textile manufacturer:

Keshav Nagori, owner of Agarwal Industries, explained the rationale behind the solar adoption: "Earlier, we had installed a 238-kW rooftop solar project at the spinning division in Bijainagar spinning division, which is just 200 meters from the new site. The savings from that project are around ₹2.20 million annually. The main reason for shifting to rooftop solar is to reduce production costs and have an uninterrupted power supply."

Technical Specifications and Implementation

EcoMitram Sustainable Solutions commissioned this project, marking their third installation for the textile manufacturer. The system incorporates advanced technology specifically chosen for textile manufacturing environments:

• Solar Modules: Panasonic TOPCon 585 Wp bifacial solar modules selected for high efficiency and superior performance under high-temperature conditions
• Inverters: Two 125 kW Hitachi inverters with specialized protective measures
• Environmental Adaptations: Custom engineering to handle cotton threads and fiber dust prevalent in textile operations

Shashank Jain, Chief Executive Officer at EcoMitram Sustainable Solutions, highlighted the specialized engineering approach: "In textile units, cotton threads and fiber dust are continuously present in the operating environment, and inverters are among the most vulnerable components in such conditions. To address this, the system design included careful inverter placement, protective enclosures, controlled ventilation, and optimized cable routing to minimize fiber ingress and dust accumulation."

Market Context and Growth

The installation aligns with India's rapidly expanding rooftop solar sector, which added 4.90 GW of capacity in the first nine months of 2025, compared to 1.90 GW in the previous year, representing a 161.00% year-over-year increase according to Mercom India's Q3 2025 India Rooftop Solar Market Report.

Jain noted that rooftop solar adoption is growing rapidly across industrial, commercial, and residential segments in Rajasthan, which has consistently ranked among the top five solarized states in India over the past decade. Recent policy enablers, such as virtual net metering and group net metering, are expected to further accelerate rooftop solar adoption.

Combined Solar Portfolio

With this latest installation, Agarwal Industries now operates two rooftop solar systems:

The successful implementation of both projects demonstrates the company's commitment to sustainable manufacturing practices while achieving substantial cost reductions in operational expenses.

Source: https://www.mercomindia.com/textile-firm-agarwal-industries-benefits-from-rooftop-solar-switch

N R Agarwal Industries Limited has successfully completed the release of pledged promoter shares by SBI CAP Trustee Company Limited. The pledge release, executed on December 16, 2025, covers 1,25,16,998 equity shares representing 73.55% of the company's total share capital, with the formal disclosure made on December 18, 2025.

Complete Pledge Release Details

SBI CAP Trustee Company Limited has released its entire pledge holding in the company, marking the end of an encumbrance that was originally created on March 7, 2022. The released shares were pledged against a loan facility of ₹426.80 crores for the benefit of the listed company against term loan requirements.

Promoter-wise Pledge Release Breakdown

The pledge release affects three key promoters who had encumbered their entire holdings. All promoter shares previously pledged have now been completely released from the SBI CAP arrangement.

Current Encumbrance Structure

While the SBI CAP pledge has been completely released, the company maintains a separate non-disposal undertaking with Axis Bank Limited created on November 19, 2025. This arrangement involves the same shareholding but serves different financing requirements.

Regulatory Compliance and Disclosure

The pledge release has been disclosed under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited on December 18, 2025, with a revised disclosure submitted on December 22, 2025, addressing discrepancy concerns raised by the stock exchanges.

The company's total promoter shareholding stands at 1,25,17,966 shares, representing 73.55% of total share capital. The successful completion of this pledge release removes a significant encumbrance from promoter holdings while maintaining adequate financing arrangements through the existing non-disposal undertaking with Axis Bank for corporate funding needs.