Century Enka Limited to Acquire Additional Shares in ABREL Century Energy Limited

Century Enka Limited to Acquire Additional Shares in ABREL Century Energy Limited​

Century Enka Limited announced on March 27, 2026, that it has applied for an additional 37,96,086 equity shares of ABREL Century Energy Limited (ABRELCEL), a Special Purpose Vehicle (SPV). The acquisition is being pursued through a rights issue.

The move aims to maintain a minimum 26% equity shareholding in ABRELCEL, fulfilling the requirements of the Electricity Act, 2003, and Electricity Rules, 2005 to qualify as a Captive User of the Power Producer.

ABRELCEL, incorporated on March 10, 2022, operates within the Wind-Solar Hybrid Energy Projects industry, with a turnover of Rs. 1,949.10 Lakhs as of March 31, 2025. The transaction qualifies as a related party transaction and is occurring at 'arm's length.'

The total cost of the acquisition amounts to Rs. 3,79,60,860, representing 37,96,086 equity shares acquired at a par value of Rs. 10 each. This acquisition does not change the existing percentage of shareholding the company holds in ABRELCEL.

The company has already transferred application money and submitted the rights issue application form. The shares are anticipated to be credited to Century Enka Limited’s demat account following applicable compliances and corporate actions.

Financial Details:
The following table summarizes the key details of the acquisition:

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