New Launch30 Aug 2025, 02:34 pm
Indong Tea Company Ltd to Purchase Installed Solar System from Vista Solar Energy Limited
AI Summary
Indong Tea Company Ltd has entered into an agreement with Vista Solar Energy Limited for the purchase of a 300 KW Installed Solar System at Indong Tea Estate. The agreement is priced at Rs. 1,40,00,000/- (Rs. One Crore Forty Lakh Only) including 12% GST. Hariram Garg, the Managing Director of Indong Tea Company Ltd, holds 10.65% shareholding in the company, while Ashok Chamaria, the Director of Vista Solar Energy Limited, does not hold any shareholding in Indong Tea Company Ltd. The purchase is not expected to have any impact on the management or control of the listed entity.
Key Highlights
- Indong Tea Company Ltd to purchase Installed Solar System from Vista Solar Energy Limited.
- The Solar System is 300 KW in capacity and includes 608 No’s of Solar panel, Panel Board & Other accessories.
- The purchase price is Rs. 1,40,00,000/- (Rs. One Crore Forty Lakh Only) including 12% GST.
- Hariram Garg, the Managing Director of Indong Tea Company Ltd, holds 10.65% shareholding in the company.
- The purchase is not expected to have any impact on the management or control of the listed entity.