Aarti Industries Limited — Important, 28-01-2025: General Updates

Aarti Industries has entered into a Share Subscription and Shareholder’s Agreement with Prozeal Green Power Private Limited and Pro-Zeal Green Power Seven Private Limited, acquiring 26.25% equity shares and compulsory convertible debentures in the latter, a special purpose vehicle for developing a 9.24 MW solar power plant. This initiative aligns with Aarti's strategy to secure renewable energy sources, with power generation expected to commence in the second half of FY26, aiding in cost reduction. The total investment amounts to ₹6.3 crore for equity shares and ₹36.33 crore for mandatory convertible debentures. This move reflects Aarti's commitment to sustainability, potentially reducing reliance on conventional energy sources and enhancing operational efficiency. Investors should monitor the progress of this project, as it could yield significant cost savings and support the company's long-term sustainability goals.