Pursuant to our disclosure/intimation dated February 05, 2022 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform your good office that PG Electroplast Limited (the Company) on May 03, 2022 have entered into an Amendment Agreement with Solarstream Renewable Services Private Limited (Target Company) to additionally acquire 5.1% equity of the Target Company aggregating to 15.2% equity, for solar power generated at the Solar Power Plant to meet the electricity requirement for the Company's manufacturing plants located at Greater Noida, Uttar Pradesh in terms of the (Indian) Electricity Act, 2013.
In this regard, please find attached details of proposed acquisition as per SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 as Annexure-A.
This is for your information and record.
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