Surana Telecom and Power Limited — JV/Acquisition, 01-12-2025: Acquisition

Surana Telecom & Power (STPL) has acquired 100% equity in Topsun Solar Private Limited for Rs 1 lakh, making it a wholly-owned subsidiary. This strategic move signals STPL's entry into the burgeoning solar energy sector. Topsun Solar, though newly incorporated and yet to commence operations, is positioned to drive STPL's efforts in trading, distributing, manufacturing solar products, and executing solar projects. This acquisition marks a clear intent by STPL to diversify its portfolio and capitalize on renewable energy opportunities with a small, foundational investment.