Minda Corp to Invest ₹112.2 Lacs for 26% Stake in Agganga Energy

Minda Corporation Limited has executed a Share Subscription Agreement to acquire a 26% stake in Agganga Energy Private Limited for a cash consideration of up to ₹112.2 Lacs (₹1.12 Crore). Agganga Energy is engaged in the renewable energy sector, specifically in implementing, operating, and maintaining solar photovoltaic power plants. This strategic investment aims to reduce Minda Corporation's power costs by transitioning towards cost-effective and environmentally friendly solar and wind energy. The acquisition is expected to be completed in approximately six months. Agganga Energy, incorporated in 2025, reported negligible turnover and profit in its first year of operation (FY26). This transaction is not a related party transaction.