Shyam Metalics and Energy Limited has acquired a 26% equity stake in Emerge Green Power Private Limited, making it an associate company of the listed entity.
The acquisition was completed on 18 June 2026 through the issuance of 26,000 equity shares representing 26% of the equity share capital of Emerge Green Power Private Limited. The shares were issued at a face value of Rs 10 each with a premium of Rs 278.51 per share, and the total consideration of Rs 0.75 crore was paid in a single tranche via RTGS.
Emerge Green Power Private Limited was incorporated on 17 February 2025 and is focused on solar power generation. It has not yet commenced business operations and has recorded nil turnover.
The acquisition enables Shyam Metalics to qualify as a captive user under the Electricity Act 2003, allowing it to procure solar power at preferential tariff for its manufacturing operations. This is expected to reduce reliance on grid power and lower energy costs. Emerge Green Power operates in the renewable energy sector, which falls outside Shyam Metalics's core steel and ferro alloy business.
Shyam Metalics expects the investment to improve EBITDA margins through reduced operational expenditure on power. The acquisition also supports environmental goals through increased use of green energy and compliance with ESG frameworks.
The transaction is not a related party transaction, and no promoter or group company holds an interest in Emerge Green Power Private Limited. No governmental or regulatory approvals were required for the acquisition.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.