Autoline Industries Enters Power Purchase Agreement with Hamsa Solar Asset Series 4 Private Limited

Autoline Industries Ltd. has entered into a Power Purchase Agreement and Share Subscription & Shareholders’ Agreement with Hamsa Solar Asset Series 4 Private Limited, a Special Purpose Vehicle created under the captive scheme. The agreement is for the delivery of power from a solar plant to be established at Bhalvani Village, Mangalwedha Taluka, Solapur District, Maharashtra. The agreement was signed on May 27, 2024. Autoline Industries will maintain an equity shareholding of 26% in the power producer and have special rights including the right to appoint directors and first right to share subscription.