StockWatch
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Footwear
Deals5 Oct 2026, 05:50 pm

Relaxo Footwears Signs Renewable Energy Agreements

AI Summary

Relaxo Footwears Ltd has executed definitive agreements on October 05, 2026, with Clean Max MUOI Private Limited and Clean Max Enviro Energy Solutions Limited. These agreements, including an Energy Supply Agreement, Investment Agreement, and Performance Incentive Agreement, are for the company's investment in a Special Purpose Vehicle (SPV). The purpose is to procure renewable energy under a group captive mechanism for its manufacturing facilities in Haryana. This follows earlier intimations made on May 28, 2026, and June 16, 2026. No changes to previous disclosures under SEBI Listing Regulations have been made.

Key Highlights

  • Executed definitive agreements for renewable energy procurement.
  • Investment in SPV for group captive power mechanism.
  • Agreements signed with Clean Max entities.
  • Focus on manufacturing facilities in Haryana.
  • No changes to prior SEBI disclosures.