BSECompany Update1h ago · 15 Oct 2026, 05:37 pm
Acquisition of 3.62% equity share capital of Zenataris Renewable Energy Private Limited
India Cements Ltd · 530005
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India Cements Ltd has acquired 3.62% equity shares of Zenataris Renewable Energy Private Limited for meeting green energy needs, optimising energy cost and complying with regulatory requirements.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
India Cements Ltd - 530005 - Announcement under Regulation 30 (LODR)-Acquisition
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SH/ 15.10.2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Dept. Exchange Plaza, 5th Floor
First Floor, New Trading Ring Plot No.C/1, G Block
Rotunda Building B a ndra-Kurla Complex
Phiroze Jeejeebhoy Towers Bandra (E)
Dalal Street, Fort MUMBAI 400 051.
MUMBAI 400 001.
Scrip Code : 530005 Scrip Code : INDIACEM
Dear Sirs,
Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (Listing Regulations) – Acquisition of
3.62% equity share capital of Zenataris Renewable Energy Private Limited
In terms of the provisions of Regulation 30 of Listing Regulations, we write to inform you
that the Company has entered into Energy Supply Agreement and Share Subscription
and Shareholders Agreement to acquire 3.62% equity shares of Zenataris Renewable
Energy Private Limited, a company engaged in generation and transmission of
renewable energy. The acquisition is for the purposes of meeting the Company’s green
energy needs, optimising energy cost and comply with regulatory requirements for
captive power consumption under electricity laws.
Disclosure as required under the Listing Regulations is attached as per Annexure A.
The above is for your information and record.
Thanking you,
Yours faithfully,
for THE INDIA CEMENTS LIMITED
COMPANY SECRETARY
Encl.: As above
CC: Luxembourg Stock Exchange
P O Box 165
L-2011 Luxembourg
Grand Duchy of Luxembourg
EUROPE.
E: investor.indiacements@adityabirla.com
Annexure A
Sr Particulars Details
a) Name of the Target Entity, details in brief Zenataris Renewable Energy Private Limited
such as size, turnover etc
b) Whether the acquisition would fall within The proposed acquisition is not a related party
related party transaction(s) and whether transaction(s) and the promoter / promoter group / group
the promoter / promoter group / group companies have no interest in the proposed acquisition.
companies have any interest in the entity
being acquired? If Yes, nature of interest
and details thereof and whether the same
is done at “arm’s length”.
c) Industry to which the entity being acquired Generation and transmission of renewable energy (hybrid
belongs power).
d) Objects and impact of acquisition To meet the green energy needs; optimise energy costs
(including but not limited to, disclosure of and comply with regulatory requirements for captive power
reasons for acquisition of target entity, if its consumption under electricity laws.
business is outside the main line of
business of the listed entity)
e) Brief details of any governmental or -
regulatory approvals required for the
acquisition
f) Indicative time period for completion of the Within 120 days from the execution of Energy Supply
acquisition Agreement and Share Subscription and Shareholders
Agreement.
g) Consideration - whether cash Cash consideration
consideration or share swap or any other
form and details of the same
h) Cost of acquisition and / or the price at Equity investment of upto Rs. 20,90,00,000/-
which the shares are acquired (Rupees Twenty Crore and Ninety Lakhs Only)
i) Percentage of shareholding / control 3.62%
acquired and / or no. of shares acquired
j) Brief background about the entity acquired Zenataris Renewable Energy Private Limited is a company
in terms of products / line of business having its registered office at Plot No. 327, Road No. 25,
acquired, date of incorporation, history of Jubilee Hills, Hyderabad, Telangana, India - 500033 and is
last three years turnover, country in which a Special Purpose Vehicle ("SPV") established for the
acquired entity has presence and any other development and operation of Inter-State Transmission
significant information (in brief) System (ISTS) hybrid renewable energy project located at
Kudligi, Vijayanagara District, Karnataka. The SPV shall
supply 11 MW renewable energy to the cement plants of the
Company on a group captive basis, in accordance with the
applicable provisions of the Electricity Act, 2003 and rules
and regulations framed thereunder.
Date of incorporation: 9th October 2018
Turnover (last three years) (Rs. in lacs):
Period Amount (Rs in Lacs)
FY 24 -
FY 25 -
FY 26 7,782.08
Country: India
E: investor.indiacements@adityabirla.com