DMCC Speciality Chemicals Ltd Enters into Power Purchase Agreement with AMPYR Renewable Energy

DMCC Speciality Chemicals Ltd has entered into a Power Purchase Agreement with AMPYR Renewable Energy Resources Twelve B Private Limited on 16.05.2025. The agreement is for drawing solar power from the target company as a captive user to reduce the cost of power consumption. The agreement does not fall under related party transactions and no promoter/promoter group/group companies have any interest in the entity being acquired. The target company, AMPYR Renewable Energy, is in the Green Energy sector, incorporated on 31.10.2023, and operates in India. The cost of acquisition and the number of shares acquired will be determined upon signing the Shareholder’s Agreement, which is currently under process.