Poly Medicure Limited — Important, 10-01-2025: Agreements

Poly Medicure Limited has executed a Joint Venture Agreement with AMPIN C&I Power Private Limited to establish a Joint Venture Company (JVC) for a Solar Power Project in Haryana. This initiative aims to create a captive power source for Poly Medicure's manufacturing facility. The shareholding structure designates Poly Medicure with a 26% stake, while AMPIN C&I Power holds a 74% stake.

The agreement includes key governance aspects, such as board management and capital contributions, which will be made in tranches as mutually agreed. This strategic partnership aligns with the increasing demand for renewable energy sources and may enhance Poly Medicure's operational efficiency and sustainability footprint. Investors should watch closely for developments, as this move presents potential for cost savings and energy security, alongside possible growth in Poly Medicure's operational capabilities.