Ddev Plastiks Industries Limited has received approval for its strategic entry into the Battery Energy Storage System (BESS) business, marking a significant expansion into the renewable energy sector. The Board of Directors approved this venture on January 5, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Business Expansion

The company's decision to enter the BESS market aligns with India's growing focus on renewable energy and grid stability solutions. As renewable sources like solar and wind are intermittent, energy storage systems have become crucial for managing power generation variations. The global BESS market is estimated to grow from USD 56.29 billion in 2024 to USD 68.70 billion in 2025, with projections reaching USD 186.90 billion by 2030, registering a CAGR of 22.13%.

Investment and Manufacturing Plans

The company has outlined a comprehensive multi-phase BESS manufacturing program targeting utilities, commercial & industrial, and residential segments. The key details of Phase 1 include:

Research and Development Focus

A key component of this initiative involves establishing a state-of-the-art Research & Development (R&D) Centre. This facility will focus on advanced battery technologies and innovative energy storage solutions to strengthen the company's technological capabilities and market positioning. The R&D center is designed to serve as an innovation hub driving breakthroughs in performance, sustainability, and cost-efficiency.

Market Opportunity

According to the company's announcement, India's BESS capacity could reach 208 GWh with an estimated market value of USD 32 billion by 2030. This presents a substantial opportunity for the company to participate in India's renewable energy transition. The global energy storage market is evolving rapidly, driven by decarbonization goals and renewable energy adoption.

Expected Benefits

The company expects this facility to ensure it remains at the forefront of the energy transformation, delivering solutions that meet emerging regulatory standards and customer expectations. The strategic expansion is positioned to help the company stay competitive in an increasingly dynamic energy landscape while contributing to India's clean energy future.

Ddev Plastiks Industries Limited has announced key senior management appointments and designation changes following a Board of Directors meeting held on December 12, 2025. The appointments were made upon recommendation of the Nomination and Remuneration Committee in compliance with SEBI regulations.

Key Appointments and Designations

The Board approved several important personnel changes aimed at strengthening the company's leadership structure:

Strategic Renewable Energy Leadership

Rakesh Kumar Tiwari has been appointed as Chief Executive Officer-Renewable Energy, designated as Senior Management Personnel under Regulation 16(1)(d) of the Listing Regulations. His primary mandate involves exploring possibilities and projects in the renewable energy field. Tiwari brings nearly two decades of extensive global leadership experience across semiconductor, solar, manufacturing, and advanced materials industries.

Professional Background

Tiwari's impressive career includes positions with respected organizations such as:

• Adani Group (Vishakha Solar)
• Masdar Solar (Saudi Arabia)
• Goldi Solar
• Moser Baer
• WAHAJ SOLAR-SIPCHEM
• Kosol Energie

He holds an MBA in Marketing and BBA in International Marketing from Amity University and is Six Sigma Black Belt Certified. His expertise spans establishing large-scale industrial facilities, operational turnarounds, global market expansion, and achieving aggressive revenue and profitability targets.

Enhanced Compliance and Financial Management

Tanvi Goenka, previously serving as Compliance Officer and Company Secretary, has been designated as Chief Compliance Officer and Company Secretary. She brings over 13 years of experience in mergers and acquisitions, compliance, governance of listed and unlisted companies, and various forms of restructuring including scheme arrangements.

Accounts Team Strengthening

The company has promoted two key personnel in its accounts department:

Both appointments reflect the company's commitment to strengthening its financial planning, analysis, statutory compliance, budgeting, audits, MIS reporting, and internal controls capabilities.

Implementation Details

All appointments and designation changes became effective on December 12, 2025. Rakesh Kumar Tiwari will serve as a full-time employee in accordance with the company's Human Resource Policy, reporting directly to the Managing Director and Chief Executive Officer. The existing personnel will continue their responsibilities while taking on expanded roles in their new designations.

These strategic appointments position Ddev Plastiks Industries to capitalize on renewable energy opportunities while maintaining robust compliance and financial management standards.