Bharat Gears invests ₹1.27 cr in Hexa Energy HR5 for solar power procurement compliance

Regulatory 4 Jun 2026· ₹1,27,39,980 · Completed· ✓ Verified

Bharat Gears Limited, a listed auto-components and gearbox manufacturer, has made a minority equity investment of ₹1,27,39,980 in Hexa Energy HR5 Private Limited, acquiring 13,134 equity shares at an issue price of ₹970 each, representing 29.55% of the investee's paid-up share capital. The investment is disclosed under Regulation 30 read with Schedule III of SEBI (LODR) Regulations 2015 as a material related-party or significant transaction. The stated purpose is compliance with applicable electricity laws governing solar power procurement for the company's manufacturing facilities in Faridabad and Mumbra. This structure is typical where an off-taker (Bharat Gears) takes a minority stake…

Why it mattersStrategic minority equity investment by a listed industrial manufacturer in a renewable energy Special Purpose Vehicle (SPV) to satisfy renewable purchase obligation (RPO) or green tariff mandates under the Electricity Act 2003 and state-level grid codes-a common structuring approach for captive or semi-captive solar procurement.
SectorEnergy & Renewables
Value₹1,27,39,980
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