Saint-Gobain Sekurit India Ltd Terminates Agreements with Radiance MH Sunrise Thirteen Private Limited
Saint Gobain Sekurit India Ltd announced the mutual termination of previously executed agreements with Radiance MH Sunrise Thirteen Private Limited. The decision to terminate the accords was made by both parties on April 9, 2026.Previously, the Company had issued intimations regarding the execution of a Power Purchase Agreement and Share Subscription Agreement with Radiance MH Sunrise Thirteen Private Limited on earlier dates, specifically October 28, 2024, May 16, 2025, and August 6, 2025.
The agreements concerned the sourcing of renewable energy through a Solar Intra-State Transmission System (InSTS) Solar power generation plant. The original date of execution for these agreements was August 6, 2025.
According to details provided regarding the termination, the termination was achieved by mutual consent. The company confirmed that there will be no material impact on the financial standing or the operations of the Company resulting from this termination.
The key details of the agreement and its termination are summarized below:
| Sl. No | Particulars | Details |
|---|---|---|
| 1 | Name of parties to the agreement | Saint-Gobain Sekurit India Limited and RadianceMH Sunrise 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
As of 3:14 PM, Saint Gobain Sekurit India Ltd shares are ticking down, trading at ₹97.62, marking a decline of 1.18%. During the day, the stock moved across its range, touching a low of ₹96.73 and hitting an intraday peak at ₹100.00.Source:
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