Gujarat Fluorochemicals Limited — Board Meeting, 26-12-2024: Outcome of Board Meeting

The Board of Directors has approved a slump sale of the Company's 57 MW captive power plant to IGREL Mahidad Limited for ₹200 Cr. Additionally, a cash investment of up to ₹40 Cr will be made in IGREL Mahidad Limited, along with an investment of up to ₹200 Cr for a 26% stake in Flurry Wind Energy Private Limited. Both entities will provide power via Power Purchase Agreements at ₹4 per unit. The appointed date for a proposed composite scheme of arrangement has been moved to April 1, 2025, to facilitate financial consolidation.