MAYURUNIQMayur Uniquoters Ltd.
Mayur Uniquoters to invest ₹2 crore for 26% of solar energy SPV
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Reviewed byRachit TripathiBlacklitt Research
Mayur Uniquoters (NSE: MAYURUNIQ) approved an investment of up to ₹1.91 crore to subscribe to 26% of the equity of Bhadla Minigrid Solar 6 Private Limited, an associate company, it said in a filing on 04 Nov 2026. The board approved the investment at the same meeting that approved the unaudited results for the quarter and half year ended 30 Sep 2026.
Key highlights
- Maximum investment: ₹1.91 crore in cash, in one or more tranches
- Stake on completion: 26% of the target's equity shares
- Indicative completion: approximately 3 months
- Target paid-up capital on incorporation: ₹5.40 crore
The investment in numbers
| Item | Detail |
|---|---|
| Target | Bhadla Minigrid Solar 6 Private Limited |
| Date of incorporation | 25 Aug 2026 |
| Maximum investment | ₹1.91 crore in cash |
| Stake on completion | 26% |
| Authorised capital on incorporation | ₹7.31 crore |
| Paid-up capital on incorporation | ₹5.40 crore |
| Turnover for FY ended 31 Mar 2026 | NA |
| Indicative completion | Approximately 3 months |
Purpose and business of the target
The company says the investment is to optimise its power cost and meet its green energy needs. The target is a special purpose vehicle for solar power generation and supply to the company, and its products are listed as generation of renewable energy.
The filing lists government approvals as not applicable.
Size of the step and related party status
The maximum investment of ₹1.91 crore is about 26% of the target's ₹7.31 crore authorised capital, and the cost is stated as the amount for 26% of the target's total shareholding.
Against the company's market value of about ₹3,423 crore at the 04 Nov 2026 close, the amount is small. The company's consolidated net profit for Q1 FY27 was ₹56.12 crore, so the investment is about 3.4% of one quarter's profit.
What the investment means for Mayur Uniquoters' shareholders
The company is committing up to ₹1.91 crore in cash to become a 26% holder of an incorporated solar entity. The filing does not say how the remaining 74% is held, how the target will be funded beyond this amount, or what effect the investment will have on the company's results or capital position.
The next step is completion, which the filing indicatively expects in about 3 months.
Filed with BSE on . Reference: Original filing (PDF)
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