Huhtamaki India Ltd Subscribes to 28% Equity Share Capital of AMPIN Energy C&I Twenty-Five Private Limited for Captive Power Plant

Huhtamaki India Ltd has approved the subscription to 28% of the equity share capital in AMPIN Energy C&I Twenty-Five Private Limited, a special purpose vehicle for owning and operating a captive power plant. This investment is to comply with the requirements of the Electricity Act 2003 read with the Electricity Rules, 2005 for generating and utilizing electricity through captive solar power projects. The cost of acquisition is Rs. 2,75,50,000 (Indian Rupees Two Crore Seventy-Five Lakhs and Fifty Thousand) for acquiring 27,55,000 equity shares. AMPIN Energy C&I Twenty-Five Private Limited is a private limited company incorporated on 10/04/2023 with its registered office in Delhi, established with an objective to carry out generation and sale of solar power in the private sector.