Kay Cee Energy & Infra Limited — Important, 09-12-2024: Arrangements for strategic, technical, manufacturing, or marketing tie up

Kay Cee Energy & Infra Limited has executed a Joint Venture Agreement with Josts Engineering Company Limited, leading to the formation of a new entity, Suryavayu Renewable and Energy Solutions Private Limited. This joint venture, where both parties will hold 50% equity, aims to focus on executing EPC projects in the power sector and tapping into the renewable energy market. With an authorized share capital of ₹10,00,000, the joint venture will commence operations soon, positioning itself for future growth in a rapidly expanding market. The investment signifies a strategic move into renewable energy, aligning with industry trends and potentially enhancing shareholder value. Investors should consider this development a positive opportunity for the company's trajectory in the energy sector.