Retro Green Revolution Ltd. to Invest in Sevenglow Lights Limited
Retro Green Revolution Limited announced on April 4, 2026, that it has entered into a Memorandum of Understanding (MOU) with Sevenglow Lights Limited, dated March 25, 2026.The MOU outlines a proposed strategic investment by Retro Green Revolution Limited in Sevenglow Lights Limited. According to the terms of the MOU, Retro 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 achievement of agreed milestones and mutual consent. The investment is intended to support business expansion, strategic growth, and long-term value creation. The transaction is subject to due diligence, regulatory approvals, and execution of definitive agreements.
Retro Green Revolution Limited may acquire the stake through preferential allotment, rights issue, subscription to equity shares, or convertible instruments. Investment may be made in single or multiple tranches.
Upon acquisition of up to 36% shareholding, Retro will have the right to appoint not less than one-third of the total Board of Directors of Sevenglow Lights Limited. Upon increasing the shareholding beyond 36% and up to 100%, Retro will have the right to appoint a majority of directors.
The MOU is non-binding, except for confidentiality clauses.
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