Sangam India Acquires 0.97% Stake in Renewable Energy Firm

Sangam (India) Limited's Investment and Borrowing Committee has approved and executed agreements for an acquisition, acquiring 47,60,101 Equity Shares of ₹10/- each in CGE II Hybrid Energy Private Limited for a total cost of ₹4,76,01,010. This acquisition represents approximately 0.97% equity stake (post-allotment) in the target entity. The primary objective is to secure renewable energy under a captive status for the company's manufacturing units in Rajasthan. CGE II Hybrid Energy Private Limited is a subsidiary of Continuum Green Energy Limited, incorporated in December 2021, and is involved in renewable power generation. The transaction was completed on October 5, 2026, and does not involve related parties.