RSWM Ltd Secures 60 MW Renewable Energy through Investment Agreements with Adani Solar Energy Jodhpur Six Limited and Adani Renewable Energy Forty One Limited

RSWM Ltd has entered into Investment Agreements with Adani Solar Energy Jodhpur Six Limited (ASEJo6L) and Adani Renewable Energy Forty One Limited (ARE41L) to subscribe a minimum of 26% of the proportionate equity share capital related to their respective Projects. This is to meet the Minimum Captive Shareholding as per the Captive Rules for securing 60 MW of solar-wind hybrid power. The Company does not hold any shareholding in AREHI8L, ASEJo6L, AREH4L, and ARE41L as on date. However, on the final Phase Completion Date, AREH18L will hold 74% and the Company will hold 26% equity shares of ASEJo6L, and AREH4L will hold 74% and the Company will hold 26% equity shares of ARE41L. The agreement does not provide Adani the right to appoint any director on the Board of the Company.