Tatva Chintan Pharma Chem Ltd to Acquire 10.99% Stake in AMPIN C&I Power Twenty Six Private Limited for Rs. 4,00,00,000

Tatva Chintan Pharma Chem Ltd has entered into a Power Purchase Agreement (PPA) with AMPIN C&I Power Twenty Six Private Limited. The Company will also be acquiring equity shares of AMPIN C&I Power Twenty Six Private Limited, which is a Special Purpose Vehicle (SPV) set up for the purpose of setting up Renewable Power Plants in Gujarat with a Solar Capacity of 9.9 MW AC and Wind Capacity of 9.9 MW. The SPV will supply 3.2 MW of solar and 3.2 MW of wind power to the Company under the Group Captive Power Scheme. This will enable Tatva Chintan Pharma Chem Ltd to source environment friendly Green Energy (Wind and Solar) for long-term captive consumption upon implementation of the subject project by the SPV and would help in reducing the energy costs of the Company significantly. This aligns with the Company's commitment to increasing the share of renewable power in operations while ensuring compliance as a 'captive user' under Indian electricity laws.