Everest Industries to Acquire Stake in Enerparc Solar Power 10 Private Limited for Rs. 1.065 Crores

Everest Industries Ltd. has approved an investment in Enerparc Solar Power 10 Private Limited ('Enerparc') amounting to Rs. 1.065 crores. This investment will be made through the acquisition of 10,65,000 equity shares at a face value of Rs. 10/- per share. The purpose of this acquisition is to avail 3 MWp solar power for Podanur Plant in Coimbatore under a group captive policy from Enerparc's solar plant. Enerparc is engaged in the business of setting up, generating, and distributing power from solar power plants in India. The present paid-up capital of Enerparc is Rs. 36,37,07,500/- and it had no turnover during the FY 2024-25. The acquisition is expected to be completed by November 30, 2025, and Everest Industries will acquire 5.31% of the equity shareholding of Enerparc Solar Power 10 Private Limited, which represents 26% of the Company's share of 3 MWp out of the total capacity of 15MWp of the Enerparc Solar Power 10 Private Limited.