Chambal Fertilisers Acquires 26% Stake in 5MW Captive Power SPV

Chambal Fertilisers & Chemicals Ltd has entered into a Share Purchase Agreement to acquire a 26% stake in Clean Max Hachi Private Limited (SPV), a captive power generation facility. The SPV, with an authorized share capital of Rs. 30,00,000, will develop and operate a 5 MW hybrid wind-solar power plant in Rajasthan. This acquisition, costing up to Rs. 6 Crore in cash, aims to replace grid power with renewable energy, leading to substantial cost savings and supporting the company's sustainability objectives. The SPV, incorporated on June 17, 2026, has not yet commenced operations. The transaction is expected to be completed within two months and is not considered a related party transaction.