Sahyadri Industries Ltd Approves Investment to Acquire Equity Stake in Emerge Solar One Private Limited
Sahyadri Industries Ltd announced on April 4, 2026, that its Board of Directors reviewed and approved the acquisition of equity in Emerge Solar One Private Limited (ESOPL). The investment is intended for the purchase of solar power under a group captive scheme.The Board's decision followed a re-assessment of the project progress and the overall investment structure concerning the proposed acquisition of 26% equity share capital in ESOPL. The total investment amount approved by the Board is Rs.1.3 Crores.
The core object of Sahyadri Industries Ltd in undertaking this acquisition is the purchase of solar power from ESOPL under the group captive scheme, as stipulated by the Electricity Act, 2003 and applicable rules.
Details of the Target Entity and Acquisition
ESOPL, identified with CIN: U35105TN2024PTC173924, is a private limited company focused on solar power generation. It was incorporated on October 8, 2024, and its registered office is located in Tiruvallur, Ambattur, Tamil Nadu. As of March 31, 2025, ESOPL reported no turnover.The details surrounding the proposed acquisition are summarized below:
| Particulars | Detail |
|---|---|
| Target Entity | Emerge Solar One Private Limited (ESOPL) |
| Industry | Solar Power generation |
| Proposed Acquisition | Up to 26% equity share capital of ESOPL |
| Investment Amount | Rs. 1.30 crores (Rupees One Crore Thirty Lakhs only) |
| Consideration Basis | Purchase of equity shares against cash consideration |
| Timeline for Completion | On or before September 30, 2026 |
The Board confirmed that the proposed acquisition does not constitute a related party transaction, and neither the promoters nor the promoter group or group companies of Sahyadri Industries Ltd have any interest in ESOPL.
The details concerning the acquisition, including the target entity's background, were noted to the company's regulatory oversight bodies, and the transaction requires no governmental or regulatory approvals.
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