NSEAcquisition1d ago · 18 Aug 2026, 05:43 pm

Acquisition

DLF Limited · DLF

✦ AI Summaryacquisition

DLF Limited's subsidiary DLF Cyber City Developers Limited has acquired a 26.97% stake in Balang Renewables Private Limited, a renewable energy company, for ₹ 4.20 crore.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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DLF_18082026174254_Letter.pdf

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DLF LIMITED DLF Gateway Tower, R Block, DLF City Phase – III, Gurugram – 122 002, Haryana (India) Tel.: (+91-124) 4396000, investor-relations@dlf.in 18th August 2026 To, To, The General Manager The Vice-President Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, P.J. Tower, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai-400051 Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘SEBI Listing Regulations’] Dear Sirs, This is to inform you that DLF Cyber City Developers Limited (a material subsidiary in which DLF Limited holds ~66.67% of its total paid-up share capital), through one of its subsidiary [‘DLF Info Park Developers (Chennai) Limited’/ ’Acquirer’] has executed a Share Purchase and Shareholders Agreement to acquire ~26.97% equity shares of Balang Renewables Private Limited (‘Target Entity’), by way of cash consideration of ₹ 4.20 crore. The Target Entity is engaged in the business of development, operation and maintenance of the renewable energy plant and further supplying the green power, to the Acquirer under the Captive Power Purchase Agreement (‘PPA’). It is further submitted that, to qualify as a Captive User in terms of the Electricity Act, 2003 and the allied rules, the Acquirer is required to subscribe to the equity shares comprising at least 26% of the issued and paid-up equity share capital of the Target Entity. The requisite disclosures pursuant to Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on 30th January 2026, are enclosed herewith as Annexure-A. The above intimation was received on 18th August 2026 at 16.39 Hrs. (IST). This is for your information and record please. Thanking you, Yours faithfully, for DLF Limited R. P. Punjani Company Secretary Encl.: As above Regd. Office: DLF Shopping Mall, 3rd Floor, Arjun Marg, DLF City, Phase-I, Gurugram -122 002, Haryana (India) CIN: L70101HR1963PLC002484; Website: www.dlf.in DLF LIMITED DLF Gateway Tower, R Block, DLF City Phase – III, Gurugram – 122 002, Haryana (India) Tel.: (+91-124) 4396000, investor-relations@dlf.in Annexure-A Details as required under Schedule III of the SEBI Listing Regulations, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on 30th January 2026, are as under: A. Name of the target entity, details in brief Balang Renewables Private Limited such as size, turnover etc. (‘BRPL’) Latest Financial Parameter of Target Entity Turnover (₹ in crore) Nil PAT (₹ in crore) (0.02) Net-worth (₹ in crore) (0.03) Other - B. Whether the acquisition falls within No Related Party Transaction(s) and whether the Promoter/ Promoter Group/ Group 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 Renewable green solutions acquired belongs (‘Renewable Energy’) D. Objects and impact of acquisition To cater the rising demand for (including but not limited to, disclosure electricity through environment of reasons for acquisition of target friendly energy solutions company, if its business is outside the main line of business of the listed entity) E. Brief details of any governmental or Not applicable regulatory approvals required for the acquisition F. Indicative time period for completion of Within 30 (thirty) days from the date the acquisition of execution of the transaction documents 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 ₹ 4.20 crore which the shares are acquired (₹ in crores) I. Percentage of shareholding/ control ~26.97% acquired and/ or number of shares acquired J. Brief background about the entity The target entity is engaged in the acquired in terms of products/ line of business of providing solar power business acquired solutions comprising of consulting, design, engineering, fabrication, installation, commissioning and monitoring of distributed rooftop Regd. Office: DLF Shopping Mall, 3rd Floor, Arjun Marg, DLF City, Phase-I, Gurugram -122 002, Haryana (India) CIN: L70101HR1963PLC002484; Website: www.dlf.in DLF LIMITED DLF Gateway Tower, R Block, DLF City Phase – III, Gurugram – 122 002, Haryana (India) Tel.: (+91-124) 4396000, investor-relations@dlf.in solar power plants primarily for captive consumption of commercial and industrial customers in India Date of incorporation 9th February 2024 History of last 3 years turnover Year Amount of Description turnover (₹ in crore) 1st Previous year turnover FY 2024-25 Nil 2nd Previous year turnover Not applicable as BRPL was 3rd Previous year turnover incorporated on 9th February 2024 Country in which the acquired entity India has presence Any other significant information (in None brief) Regd. Office: DLF Shopping Mall, 3rd Floor, Arjun Marg, DLF City, Phase-I, Gurugram -122 002, Haryana (India) CIN: L70101HR1963PLC002484; Website: www.dlf.in