Sandhar Technologies Invests ₹162.52 Lakhs for 26% Stake in SPV

Sandhar Technologies Limited has executed a Share Subscription and Shareholder's Agreement (SSSHA) with Hero Rooftop Energy Private Limited and Clean Renewable Energy HR 1B Private Limited (SPV). Sandhar Technologies will subscribe to a minimum of 26% shareholding in the SPV for a cash consideration of INR 162.52 Lakhs. The acquisition aims to reduce energy costs by availing solar power and aligns with the company's sustainability goals and customer demand for renewable energy practices. The SPV, incorporated in June 2025, had NIL turnover for FY 2025-26. The acquisition is expected to be completed within two months from the SSSHA execution date.