Sportking India Revises Solar Power Purchase Agreement Timeline to April 2026

1 min read     Updated on 05 Mar 2026, 12:31 PM
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Reviewed by
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Overview

Sportking India Limited has updated the timeline for its Solar Power Purchase Agreement with M/s Evincea Renewable Seven Private Limited, pushing back the Schedule Commercial Operation from March 2026 to on or before April 2026. The delay is attributed to technical and legal processes in project implementation, while all other agreement terms remain unchanged.

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*this image is generated using AI for illustrative purposes only.

Sportking India Limited has announced a revision in the timeline for its Solar Power Purchase Agreement, extending the expected commencement date by one month due to technical and legal processes involved in the project implementation.

Solar Power Agreement Update

The company has entered into a Solar Power Purchase Agreement with M/s Evincea Renewable Seven Private Limited, a Special Purpose Vehicle (SPV), for obtaining solar power generation and supply for Sportking India's facilities located in Punjab. The agreement was initially disclosed to the stock exchanges on 02nd August, 2025.

Parameter: Details
SPV Partner: M/s Evincea Renewable Seven Private Limited
Original Timeline: March 2026
Revised Timeline: On or before April 2026
Facility Location: Punjab
Purpose: Solar power generation and supply

Timeline Revision Details

The Schedule Commercial Operation of the project has been revised from the originally expected March 2026 to on or before April 2026. The company has attributed this delay to certain technical and legal processes involved in the project implementation phase.

Agreement Terms

All other terms and conditions of the earlier intimation dated 02nd August, 2025 remain unchanged. The company has maintained that only the timeline for power commencement has been modified, while the fundamental structure and conditions of the Solar Power Purchase Agreement continue as originally agreed.

Regulatory Compliance

The update has been disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, and is also available on the company's website at www.sportking.co.in .

Historical Stock Returns for Sportking

1 Day5 Days1 Month6 Months1 Year5 Years
+0.15%-6.03%+1.88%-1.34%+52.27%+5.87%

Anil Kumar Goel Group Increases Stake in Sportking India to 5.04% Through Open Market Acquisition

1 min read     Updated on 17 Feb 2026, 09:35 PM
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Reviewed by
Naman SScanX News Team
Overview

Anil Kumar Goel and associates acquired 54,000 shares in Sportking India Limited through open market purchases between February 11-13, 2026, increasing their combined stake from 4.995% to 5.04%. The non-promoter group acquisition was disclosed under SEBI regulations, with the company's equity capital remaining at Rs. 12,70,72,000 comprising 12,70,72,000 shares of Rs. 1 face value each.

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*this image is generated using AI for illustrative purposes only.

Sportking India Limited has disclosed a stake acquisition by Anil Kumar Goel and his associates under SEBI's substantial acquisition regulations. The group acquired 54,000 additional equity shares through open market purchases, increasing their combined shareholding in the sports goods manufacturer.

Acquisition Details

The acquisition involved multiple entities acting in concert, including Anil Kumar Goel, Anil Kumar Goel HUF, Seema Goel, and Rashi Goel. The disclosure clarifies that the acquirers do not belong to the promoter or promoter group of the company.

Parameter: Details
Acquisition Period: February 11-13, 2026
Shares Acquired: 54,000 equity shares
Acquisition Mode: Open Market Purchase
Acquirer Status: Non-promoter group

Shareholding Changes

The acquisition resulted in a marginal increase in the group's voting rights in Sportking India Limited. The transaction was completed entirely through open market purchases over a three-day period.

Holding Period: Number of Shares Percentage (%)
Before Acquisition: 63,47,000 4.995%
Shares Acquired: 54,000 0.005%
After Acquisition: 64,01,000 5.04%

Company Capital Structure

Sportking India Limited's equity share capital remained unchanged following this acquisition. The company maintains its existing capital structure with no dilution or expansion of share capital.

Capital Component: Details
Total Equity Capital: Rs. 12,70,72,000
Number of Shares: 12,70,72,000
Face Value per Share: Rs. 1
Share Status: Fully paid

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers submitted the required documentation to both BSE Limited and National Stock Exchange of India, where Sportking India Limited shares are listed. The company trades under scrip code 539221 on BSE and under the symbol 'Sportking' on NSE.

Historical Stock Returns for Sportking

1 Day5 Days1 Month6 Months1 Year5 Years
+0.15%-6.03%+1.88%-1.34%+52.27%+5.87%

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1 Year Returns:+52.27%