Arvind Ltd
Arvind has entered into a Share Subscription and Shareholders' Agreement with Torrent Green Energy (Sponsor) and its subsidiary, Torrent Urja 28 (TUPL).
As part of this agreement, Arvind along with other User Members will subscribe Equity Shares of Rs.10/- each in TUPL, representing minimum 26% of its total equity share capital, thereby meeting the regulatory requirement of “captive user” under applicable electricity laws. The Company will invest 15.96% of equity share capital of TUPL towards its proportionate share in the capacity.
The investment will support the development of 20 MW hybrid (wind-solar) power project for Arvind's captive requirement.
Arvind signed a 25-year Power Purchase Agreement (PPA) with a Take-or-Pay arrangement for the supply of renewable energy. Post commissioning, this project will enable Arvind to source approximately 60% of its total electricity requirements from renewable sources.
Bajaj Electrical
Bajaj Electricals has granted 45,826 Stock Options under the PSOP Plan 2023 on 12 May 2025.
Carborundum Uni.
Carborundum Universal announced that the Board of Directors of the Company at its meeting held on 12 May 2025, has recommended a Final Dividend of Rs.2.50 per share (i.e.250%), subject to the approval of the shareholders.
DCW
DCW announced that the Board of Directors of the Company at its meeting held on 12 May 2025, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 5%) , subject to the approval of the shareholders.
Greaves Cotton
Greaves Cotton has issued corporate guarantee to Tata Capital Limited (Lender) for an amount of Rs. 40 crore as security for the term loan facility availed by Greaves Electric Mobility, material subsidiary of the Company from the Lender.