Aurobindo Pharma Limited has announced an extension of its timeline for acquiring up to 26% stake in Swarnaakshu Solar Power Private Limited, pushing the completion date to March 31, 2026, from the previously announced December 31, 2025 deadline.

Investment Timeline Extension

The pharmaceutical company informed stock exchanges that the delay is attributed to pending receipt of state government approval for setting up a captive solar power plant. The company had previously communicated about this solar power initiative through multiple letters dated February 6, 2025, March 28, 2025, June 30, 2025, and September 26, 2025.

Regulatory Compliance

The update was shared under Regulation 30 of SEBI Listing Regulations, ensuring transparency with stakeholders regarding this development. Company Secretary B. Adi Reddy signed the disclosure, maintaining compliance with regulatory requirements for material information sharing.

Solar Power Strategy

The captive solar power purchase agreement represents Aurobindo Pharma's commitment to renewable energy adoption. The investment in Swarnaakshu Solar Power Private Limited aligns with the company's sustainability initiatives and long-term energy cost management strategy.

The completion of the required investment remains subject to receiving approval from the concerned state government, highlighting the regulatory dependencies involved in renewable energy project implementations.

Welspun Specialty Solution has reported that MGN Agro Properties Private Limited has completely disposed of its shareholding in the company. The sale involved a 2.82% stake through open market transactions. This disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The disposal involved the sale of 1,86,66,666 equity shares, representing 2.82% of Welspun Specialty Solutions' total share capital. The transaction was completed on December 22, 2025, through open market sales.

Shareholding Position

Prior to this transaction, MGN Agro Properties held 1,86,66,666 shares carrying voting rights, constituting 2.82% of both the total share capital and diluted share capital of Welspun Specialty Solutions. The company did not hold any shares in the nature of encumbrance, voting rights otherwise than by shares, or any warrants or convertible securities.

Company Capital Structure

Welspun Specialty Solutions' equity share capital remains unchanged at ₹3,97,56,68,670, comprising 66,26,11,445 equity shares of ₹6.00 each. The total diluted share capital also stands at the same level, indicating no outstanding convertible instruments that would affect the shareholding calculations.

Regulatory Compliance

The disclosure was made by Harish Chandra Gupta, Director of MGN Agro Properties Private Limited (DIN: 07559832), in compliance with SEBI regulations governing substantial acquisitions and disposals. MGN Agro Properties, identified as part of the promoter/promoter group, has fulfilled its regulatory obligations by notifying both BSE Limited and Welspun Specialty Solutions about this complete divestment.

This transaction represents a complete exit by MGN Agro Properties from its investment in Welspun Specialty Solutions, reducing the promoter group's overall shareholding in the company by 2.82%.