Sportking India Limited — JV/Acquisition, 05-03-2026: Acquisition

Sportking India provided an update on its solar power initiative. The company previously partnered with Evincea Renewable Seven Private Limited, a Special Purpose Vehicle, to secure solar power for its manufacturing facilities in Punjab. Originally expecting power by March 2026, Sportking now anticipates commercial operations to commence on or before April 2026. This minor delay is attributed to technical and legal processes. The strategic move aims to ensure a stable and sustainable power supply for its operations, with the core terms of the solar power purchase agreement remaining intact.