Heubach Colorants India: Announcement under Regulation 30 (LODR)-Acquisition | Value Research

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Heubach Colorants India: Announcement under Regulation 30 (LODR)-Acquisition

In order to comply with the regulatory requirement for being a captive user under Indian Electricity laws the Board of Directors at their meeting held on November 30 2022 approved the execution of Share Subscription and Shareholders Agreement along with the Captive Power Agreement (collectively referred to as Agreements) with First Energy Private Limited to subscribe up to 26% stake in First Energy 2 Private Limited Special Purpose Vehicle (SPV) for setting up Captive Solar Power Plant at Solapur District Maharashtra to source a portion of the Companys captive power requirements for its factory at Roha Maharashtra.The disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9 2015 is given in Annexure A.This is for your information and record. Kindly acknowledge the receipt.

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