AHA Solar Technologies Limited has announced the sad demise of one of its Independent Directors, marking a significant loss for the energy consultancy and solar technology company. The company disclosed this information to stock exchanges on December 15, 2025, in compliance with regulatory requirements.

Director Details and Announcement

The company informed BSE about the passing of Mr. Ashokkumar Ratilal Patel, who held the Director Identification Number (DIN) 09451821. The announcement was made pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Positions and Impact

Mr. Patel held several key positions within the company's governance structure. He served as Chairman of the Audit Committee and was a Member of both the Nomination and Remuneration Committee and Stakeholders Relationship Committee. His demise has resulted in immediate cessation from all these positions.

Company's Response and Condolences

AHA Solar Technologies expressed deep sorrow over the loss, describing his sudden and unexpected passing away as an irreparable loss to the company. All directors and employees of the company have conveyed deep sympathy, sorrow and condolences to his family during this difficult time.

Regulatory Compliance

The disclosure was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically referencing SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The announcement was signed by Piyushkumar Vasantlal Bhatt, Chairman Managing Director (DIN: 06461593), on behalf of AHA Solar Technologies Limited.

Deep Industries , a key player in the industrial sector, has made a significant move by acquiring a 70% stake in DNRL, effectively transforming the latter into its subsidiary. This strategic acquisition marks a notable expansion in Deep Industries' business operations and market presence.

Key Highlights of the Acquisition

• Stake Acquired: 70% of DNRL
• New Status of DNRL: Subsidiary of Deep Industries
• Nature of Transaction: Majority ownership acquisition

Strategic Implications

This acquisition represents a pivotal moment for Deep Industries, potentially bringing several strategic advantages:

1. Expanded Control: With a 70% stake, Deep Industries now holds a controlling interest in DNRL, allowing for significant influence over its operations and decision-making processes.

2. Operational Synergies: The move may aim to create synergies between the two companies, potentially leading to improved operational efficiencies and cost optimizations.

3. Market Position: This acquisition could strengthen Deep Industries' market position, possibly expanding its product or service offerings through DNRL's existing business lines.

4. Growth Strategy: The transaction aligns with what appears to be a growth strategy by Deep Industries, using acquisitions to expand its business portfolio.

While specific financial details of the transaction have not been disclosed, this move signifies Deep Industries' commitment to growth and expansion in its sector. The company's shareholders and market analysts will likely be watching closely to see how this acquisition impacts Deep Industries' overall performance and market value in the future.

As with any major corporate action, the success of this acquisition will depend on effective integration and management of DNRL's operations within the Deep Industries framework. The coming period will be crucial in determining how this strategic move translates into tangible benefits for Deep Industries and its stakeholders.