Acquisition

Himatsingka Seide Limited has further invested Rs. 5.725 crores in AMP Energy C&I Twenty Four Private Limited, acquiring 57,24,900 equity shares, increasing its stake to 47.30%. This investment aims to procure sustainable energy for the company's operations and reduce its carbon footprint, qualifying under the Group Captive Power Scheme.

The investment does not involve related party transactions.

AMP Energy, a renewable energy developer, was incorporated in April 2023.