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HLE Glascoat has made a strategic move by acquiring a 26% stake in Clean Max Anchorage Private Limited (CMAPL) through the subscription of 54,512 equity shares at a price of ₹607 each, totaling ₹3.36 crore. This investment aims to develop a captive power facility in Gujarat with a solar capacity of 2.31 MW and wind capacity of 3.30 MW. The collaboration with CMAPL will enable HLE Glascoat to utilize renewable energy and reduce energy costs, enhancing sustainability. With no business activity currently, CMAPL is expected to initiate power generation under a captive open access model, aligning with long-term objectives for clean energy usage. The acquisition is not classified as a related party transaction, ensuring transparency in operations. Investors should monitor this development as it signals a beneficial shift in the company’s energy strategy and a positive outlook for future operational efficiencies.