One Enersol for ₹1 Lakh to Strengthen Renewable Energy Portfolio

Torrent Power Limited has announced the completion of a strategic acquisition in the renewable energy sector through its wholly owned subsidiary. The company disclosed that Torrent Green Energy Private Limited (TGEPL) has acquired 100% equity shares of Onix-One Enersol Private Limited, marking another step in expanding its renewable energy portfolio.

Acquisition Details

The transaction was completed on March 20, 2026, at 3:00 PM, involving the purchase of 10,000 equity shares from two individual sellers. The acquisition structure and financial details are outlined below:

Parameter: Details Total Consideration: ₹1,00,000 Number of Shares: 10,000 equity shares Face Value per Share: ₹10 each Shareholding Acquired: 100% of equity share capital Nature of Consideration: Cash

The shares were acquired from Nikhil Hareshbhai Savaliya and Divyeshkumar Mansukhlal Savaliya, who each held a 50% stake in the company.

Target Company Profile

Onix-One Enersol Private Limited operates in the electricity generation from renewable energy sector. The company was incorporated on July 31, 2023, and has shown significant growth in its financial performance:

Financial Year: Turnover FY25: ₹19.44 crore FY24: ₹2.07 crore

The substantial increase in turnover from FY24 to FY25 demonstrates the company's rapid growth trajectory in the renewable energy space.

Strategic Rationale

Torrent Power described itself as an integrated power player encompassing the entire value chain of power generation, transmission, and distribution. The acquisition of Onix-One Enersol is expected to enable the company to support its ongoing and upcoming client commitments. According to the disclosure, connectivity has already been secured and land has been identified for future renewable energy projects.

Regulatory Compliance

The acquisition was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction does not fall within related party transactions, and no governmental or regulatory approvals were required for the acquisition. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

This acquisition reinforces Torrent Power's commitment to expanding its renewable energy capabilities and supporting India's transition toward sustainable power generation.

Torrent Power Limited has announced the launch of a special window facility for the transfer and dematerialisation of physical shares, providing shareholders with an extended opportunity to convert their holdings to electronic form.

Special Window Timeline and Regulatory Framework

The special window will remain operational until February 04, 2027, as mandated by SEBI circular No. HO/38/13/11(2)2026-MIRSD-PoDI/3750/2026 dated January 30, 2026. This initiative aims to facilitate shareholders who have been unable to complete their share transfer or dematerialisation processes under previous timelines.

Eligibility Criteria for Shareholders

The facility is specifically designed for investors who had sold or purchased physical shares of Torrent Power Limited prior to April 01, 2019. The company has established clear eligibility parameters based on the availability of original security certificates and previous lodgement status.

Lodged for Transfer before April 01, 2019 Original Security Certificate Available Eligible to lodge under current window No (it is a Fresh Lodgement) Yes Yes Yes (it was rejected / returned earlier) Yes Yes Yes No No No No No

Documentation Requirements

Shareholders seeking to utilise this special window must ensure they possess all necessary documentation. The company will only consider requests accompanied by original share certificates, transfer deeds, and other supporting documents. This requirement ensures the authenticity and completeness of transfer applications.

Contact Information and Support

Investors wishing to avail themselves of this facility can contact the company directly or reach out to the Registrar & Share Transfer Agent, MUFG Intime India Private Limited (Unit: Torrent Power Limited). The agent's office is located at 5th Floor, 506 to 508, Amarnath Business Centre-1 (ABC-1), Beside Gala Business Centre, Nr. St. Xavier's College Corner, Off C. B. Road, Ellisbridge, Ahmedabad - 380006.

Contact Details:

Phone: 079 2646 5179

Email: investor.helpdesk@in.mps.mufg.com

The notice was issued by Company Secretary Rahul Shah from the company's registered office in Ahmedabad on March 18, 2026, ensuring shareholders have adequate time to prepare and submit their applications before the February 2027 deadline.

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