Aarti Industries Limited has entered into a share subscription and shareholder’s agreement with ‘Prozeal Green Power Private Limited’ and ‘Pro-Zeal Green Power Seven Private Limited.

This transaction entails acquisition of 26.25% equity shares/voting rights and compulsory convertible debentures by the company in ‘Pro- Zeal Green Power Seven Private Limited’ - a Special Purpose Vehicle (SPV) formed for developing, constructing, operating, and maintaining a 9.24 MW solar power plant exclusively to cater the company’s power requirement partly.

This is in line with the company’s commitment towards procuring power through renewable resources. The SPV will start generating power from the second half of FY26 and support the company in reducing its power costs.

Pro-Zeal Green Power Seven Private Limited is a private company incorporated on June 26, 2024. Prozeal Green Power Private Limited, is a wholly owned subsidiary of Prozeal Green Energy Limited, wherein Aarti's promoter Chandrakant V. Gogri is director and shareholder. Prozeal Green Power Private Limited is Shareholder in SPV i.e. Pro-Zeal Green Power Seven Private Limited along with Aarti Industries Limited. The transaction is being carried out at arm’s length basis. The company is focusing on generation and transmission of renewable energy (solar power).

Investment in equity shares amounting to Rs. 6, 30,000 along with subscription of 36,330 compulsory convertible debentures of Rs. 1,000 each amounting to Rs. 3, 63, 30,000.

Aarti Industries Limited has acquired 63,000 equity shares of Rs.10 each comprising 26.25% of paid-up capital of Pro-Zeal Green Power Seven Private Limited.