Investment10 Mar 2026, 12:23 pm
V-Guard Industries to Invest ₹ 25 Crore in Associate Company Gegadyne Energy Labs
AI Summary
V-Guard Industries Ltd has approved a proposal to make a further investment of ₹ 25,00,29,374 in Gegadyne Energy Labs Private Ltd (GEL), an associate company. This investment will increase V-Guard's holding in GEL to 30.35% on a fully diluted basis. GEL is an energy storage company that specializes in alternate battery technology. The investment is expected to be completed by March 31, 2026.
Key Highlights
- V-Guard Industries to invest ₹ 25 Crore in Gegadyne Energy Labs
- Gegadyne Energy Labs specializes in alternate battery technology
- Investment will increase V-Guard's holding in GEL to 30.35%
- Gegadyne Energy Labs is an associate company of V-Guard Industries
- Investment is expected to be completed by March 31, 2026