Sportking India Limited — JV/Acquisition, 02-08-2025: Acquisition

Sportking India announced an updated plan to invest Rs. 14.10 Cr for a 26% stake in Evincea Renewable Seven Private Limited. This Special Purpose Vehicle (SPV) will set up a solar project, supplying power directly to Sportking's facilities in Punjab. The strategic rationale is clear: shifting to solar power will reduce the company's energy costs and significantly enhance its environmental footprint. This move represents a strategic step towards sustainable and cost-efficient operations.