Astral Ltd Subscribes to Equity Shares of Vena Energy Sustainable Power for Renewable Energy Purchase

Astral Ltd has entered into a Share Subscription and Shareholders Agreement with Vena Energy Sustainable Power Private Limited to subscribe to its Equity Shares. This move aims to meet the captive user requirements for the purchase of renewable energy from the captive generating plant. The transaction is expected to be completed by 30.04.2026, with a maximum consideration of Rs. 9.00 Crores. Vena Energy Sustainable Power, a subsidiary of a company incorporated outside India, is set up with the main objective of renewable energy generation and development.