Savera Industries Ltd. Approves Sale of Property and Investment in Delta Renewable Energy

Savera Industries Ltd. announced the outcome of its Board Meeting held on March 20, 2025. The Board approved the sale of a property in Tamilnadu and investment in the shares of Delta Renewable Energy Private Ltd, an unlisted Indian Company in the Renewable Energy Industry. The investment will be through a secondary market transaction, with a cash consideration of up to Rs.70,00,000 (Rupees Seventy Lakhs only) for 7,00,000 shares, amounting to a 3.36% shareholding in the target company. Delta Renewable Energy Private Limited, incorporated on November 29, 2023, is a subsidiary of Orient Green Power and is proposing to develop a 25MW AC solar power project in Tamil Nadu. The acquisition is not a related party transaction and is expected to be completed by December 31, 2025.