Precot Limited — Important, 03-02-2025: General Updates

Precot Limited has entered into a Share Subscription Agreement and Power Purchase Agreement with Radiance TN Sunrise One Private Limited for a solar power investment. The acquisition aims to enhance sustainability by utilizing solar energy for its Tamil Nadu unit. The total consideration for this transaction is ₹1.29 crore (cr), with a 4.43% stake in Radiance being acquired via cash. The transaction is expected to be completed within 4 to 5 months. Radiance, incorporated in August 2021, specializes in renewable power plant development but has yet to commence operations. This strategic move reflects Precot's positive outlook on integrating renewable energy into its operations. Investors should monitor the execution of this acquisition closely, as it could lead to long-term cost savings and a greener operational footprint.