Timken India Ltd to Acquire 26.1% Stake in Sunstreamgreen Energy C&I Three Private Limited for Renewable Energy

Timken India Limited has entered into an Agreement to acquire 26.1% equity shares of Sunstreamgreen Energy C&I Three Private Limited. This investment is being made to purchase power under Group Captive Scheme and to maintain group captive status, the Company is required to hold at least 26% of the equity shareholding in Target Company. The Company and Target Company have entered into a Power Purchase Agreement (PPA), wherein the Company has agreed to purchase Solar Power generated from the Project being set up by Target Company. The cost of acquisition is Rs 70,00,020/- (7,00,002 equity shares at Rs 10 each). Target Company is inter alia engaged in the business of electricity generation through renewable sources, incorporated in India on 14 July, 2025.