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Business Update29 May 2026, 02:28 pm

Vardhman Textiles Amends Share Subscription Agreement

AI Summary

Vardhman Textiles Limited has amended its Share Subscription and Shareholders’ Agreement with Renew Green Energy Solutions Private Limited and Renew Green (MPR Four) Private Limited for a 19 MW AC Wind Solar Hybrid Power Plant project in Ratlam, Madhya Pradesh. The amendment, approved by the Committee of Directors (Renewable Energy) on May 29, 2026, changes the ‘User Shareholder Subscription Amount’ to ₹24.46 crore and the ‘Promoter Subscription Amount’ to ₹53.41 crore, while keeping all other terms the same. The power generated will be supplied exclusively to Vardhman Textiles under Captive Rules.

Key Highlights

  • Vardhman Textiles amends share subscription agreement for renewable energy project.
  • User Shareholder Subscription Amount revised to ₹24.46 crore.
  • Promoter Subscription Amount changed to ₹53.41 crore.
  • Project involves a 19 MW AC Wind Solar Hybrid Power Plant in Ratlam, MP.
  • Power generated will be supplied exclusively to Vardhman Textiles.