General Announcement::Acquisition of additional equity share capital of M/s Continuum MP Windfarm Development Pvt Ltd

Issuer & Securities

Issuer/ Manager
ULTRATECH CEMENT LIMITED
Securities
ULTRATECHUS$400M2.8%N310216A - US90403YAA73 - MTZB
ULTRATECHUS$400M2.8%N310216R - USY9048BAA18 - WQ5B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Sep-2024 21:36:30
Status
New
Announcement Sub Title
Acquisition of additional equity share capital of M/s Continuum MP Windfarm Development Pvt Ltd
Announcement Reference
SG240930OTHRZUNB
Submitted By (Co./ Ind. Name)
Sanjeeb Kumar Chatterjee
Designation
Company Secretary and Compliance Officer
Description (Please provide a detailed description of the event in the box below)
The Company currently holds 3.28% equity shareholding in M/s Continuum MP Windfarm Development Private Limited ( Continuum MP Windfarm ), a company engaged in generation and transmission of renewable energy. The Company has today entered into agreements for enhancement of hybrid power supply from 15 MW to 21 MW and increasing its shareholding from 3.28% to 5.46% in Continuum MP Windfarm. The total equity investment of the Company for 5.46% shareholding would be around Rs. 24,35,16,000/-.

The acquisition is for the purposes of meeting the Company s green energy needs, optimising energy cost and complying with regulatory requirements for captive power consumption under electricity laws.

Since the shareholding of the Company in Continuum MP Windfarm is exceeding the statutory threshold of 5%, we are submitting the disclosure as required under the Listing Regulations as per attached Annexure A.

Attachments

Continuum MP Windfarm Development Private Limited - reg 30 disclosure.pdf
Total size =184K