BSECompany Update5d ago · 12 Aug 2026, 05:08 pm
Acquisition of 26% equity share capital of Solaris Horizon Energy Private Limited
UltraTech Cement Ltd · 532538
✦ AI Summary▲ PositiveM&A
UltraTech Cement Ltd has acquired 26% equity share capital of Solaris Horizon Energy Private Limited, a company engaged in generation and transmission of renewable energy, for meeting its green energy needs, optimising energy costs, and complying with regulatory requirements.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
UltraTech Cement Ltd - 532538 - Announcement under Regulation 30 (LODR)-Acquisition
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12th August 2026
BSE Limited The National Stock Exchange of India Limited
Corporate Relationship Department Listing Department
Scrip Code: 532538 Scrip Code: ULTRACEMCO
Sub: Acquisition of 26% equity share capital of Solaris Horizon Energy Private Limited
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Dear Sirs,
We wish to inform you that the Company has entered into Energy Supply Agreement and
Share Subscription and Shareholders Agreement to acquire 26% equity shares of Solaris
Horizon 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 UltraTech Cement Limited
Dhiraj Kapoor
Company Secretary and Compliance Officer
Encl. a/a.
Luxembourg Stock Exchange Singapore Exchange
BP 165 / L – 2011 Luxembourg 2 Shenton Way, #02-02, SGX Centre 1,
Scrip Code: Singapore 068804
US90403E1038 and US90403E2028 ISIN Code:
US90403YAA73 and USY9048BAA18
UltraTech Cement Limited
Registered Office : Ahura Centre, B – Wing, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India
T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420
Annexure A
Sr Particulars Details
a) Name of the Target Entity, details in Solaris Horizon Energy Private Limited
brief such as size, turnover etc (a subsidiary of Waaree Forever Energies
Private Limited)
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
the promoter / promoter group / group group / group companies have no interest in the
companies have any interest in the proposed acquisition.
entity being acquired? If Yes, nature of
interest and details thereof and whether
the same is done at “arms length”.
c) Industry to which the entity being Generation and transmission of renewable
acquired belongs energy (solar power).
d) Objects and impact of acquisition To meet the green energy needs; optimise
(including but not limited to disclosure of energy costs and comply with regulatory
reasons for acquisition of target entity, if requirements for captive power consumption
its business is outside the main line of under electricity laws.
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 Within 180 days from the execution of Energy
acquisition Supply 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. 27,75,50,000/-.
which shares are acquired (Rupees Twenty Seven Crore Seventy Five
Lakhs Fifty Thousand Only)
i) Percentage of shareholding/control 26%
acquired and /or no of shares acquired
j) Brief background about the entity Solaris Horizon Energy Private Limited is a
acquired in terms of product /line of company having registered office at
business acquired, date of incorporation, 602, Western Edge 1, Western Express
history of last three years turnover, Highway, Borivali East, Mumbai 400066 and is
country in which acquired entity has a special purpose vehicle (“SPV”) which shall
presence and any other significant supply 91 MWp DC / 65 MW AC solar power to
information (in brief) plants of Company in Chhattisgarh on captive
basis from solar project located at Village
Puran, Tehsil & District - Mungeli in state of
Chhattisgarh.
Date of incorporation: 10th December, 2025
Turnover (last three years) (Rs. in crores): Nil.
Country: India
UltraTech Cement Limited
Registered Office : Ahura Centre, B – Wing, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India
T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420