Retro Green Revolution Ltd. to Invest in Sevenglow Lights Limited
Retro Green Revolution Limited has entered into a Memorandum of Understanding (MOU) with Sevenglow Lights Limited dated March 25, 2026. The MOU records the mutual understanding between the parties for a proposed strategic investment by Retro Green Revolution Limited in Sevenglow Lights Limited.As per the terms of the MOU, Retro Green Revolution Limited proposes to acquire an initial equity stake of up to 36% in Sevenglow Lights Limited. The shareholding may be increased in a phased manner up to 100%, subject to financial performance, operational milestones, and mutual agreement. The investment is intended to support business expansion, strategic growth, and long-term value creation.
The investment will be undertaken through preferential allotment, rights issue, subscription to equity shares, or convertible instruments, and is subject to due diligence, regulatory approvals, and execution of definitive agreements.
Retro Green Revolution Limited will have the right to appoint not less than one-third of the total Board of Directors of Sevenglow Lights Limited upon acquisition of up to 36% shareholding. Upon increase in shareholding beyond 36% and up to 100%, Retro Green Revolution Limited will have the right to appoint a majority of directors.
The MOU is non-binding in nature, except for certain standard clauses such as confidentiality, and shall form the basis for executing definitive agreements.
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