Saint Gobain Sekurit India and Radiance MH Sunrise Thirteen Private Limited Terminate Agreements
Saint Gobain Sekurit India Ltd announced today the termination of agreements previously executed with Radiance MH Sunrise Thirteen Private Limited. The decision to conclude the arrangements was made by mutual consent between both parties.The agreements concerned a Power Purchase Agreement and a Share Subscription Agreement for the purpose of sourcing renewable energy from an Intra-State Transmission System (InSTS) Solar power generation plant.
The original agreements were executed on August 6, 2025. Saint Gobain Sekurit India Ltd had previously provided intimations regarding the execution of these agreements on October 28, 2024, May 16, 2025, and August 6, 2025.
According to the details provided, the termination resulted from the mutual consent of both Saint Gobain Sekurit India Limited and Radiance MHSunrise Thirteen Private Limited.
| Sl. No | Particulars | Details |
|---|---|---|
| 1 | Name of parties to the agreement | Saint-Gobain Sekurit India Limited and Radiance MHSunrise Thirteen Private Limited |
| 2 | Nature of the agreement | Power Purchase Agreement and Share Subscription Agreement for sourcing of renewable energy (Solar)/ Intra-State Transmission System (InSTS) Solar power generation plant |
| 3 | Date of execution of the agreement | August 6, 2025 |
| 4 | Details of amendment and impact thereof or reasons of termination and impact thereof | Termination by mutual consent. There is no material impact on financials and/or operations of the Company due to the termination. |
Stock Price Movement
At the close of trade today, Saint Gobain Sekurit India Ltd settled at ₹98.02, down 0.78%. The shares navigated a range throughout the session, testing highs near ₹100.00 while dipping to ₹96.73.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.