JK Cement Limited (BSE: 532644 | NSE: JKCEMENT) – Announcement of Further Investment in Mehrauni Electro Power Private Limited

Introduction

On 29 July 2026, JK Cement Limited filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notifying the stock exchanges of a further equity investment in the special purpose vehicle Mehrauni Electro Power Private Limited (MEPPL).

Key Investment Details

• Shares subscribed: 49,08,750 equity shares
• Face value per share: ₹10
• Total consideration: ₹4,90,87,500 (≈ ₹4.91 crore) – cash payment
• Post‑allotment holding: 18.31 % of MEPPL’s equity capital
• Date & time of transaction: 29 July 2026, ~3:00 pm IST

Target Entity Overview (Annexure‑A)

Parameter	Details
Name	Mehrauni Electro Power Private Limited (MEPPL)
Incorporation	2013, CIN U35105DL2023PTC422273; registered office: 904, 9th Floor, Krishna Apra Business Square, Pitampura, Delhi – 110 034
Industry	Renewable energy – development, generation and distribution of power from renewable plants
Current Project	40 MW AC solar power plant at Village Bihariya, Tehsil Bara, Prayagraj (Uttar Pradesh) – Group captive model under Electricity Laws
Financials (as of 31 Mar 2025)	Turnover: Nil; PAT: (₹0.13 cr); Net‑worth: (₹0.13 cr)
Historical turnover	FY 2024‑25: Nil; FY 2023‑24: Nil; FY 2022‑23: Not applicable (company incorporated in 2023)

Strategic Rationale

• The investment is pursuant to a Power Purchase Agreement (PPA) and Shareholder Subscription Agreement with Onward Solar Power Private Limited, the developer of the 40 MW solar plant.
• It strengthens JK Cement’s long‑term renewable‑energy strategy, providing a dedicated source of clean power for its operations (e.g., the Prayagraj plant).

Transactional and Regulatory Aspects

• Related‑party status: The acquisition does not constitute a related‑party transaction; promoters and promoter group have no interest in MEPPL.
• Arm‑length nature: The deal is executed at arm’s length.
• Regulatory approvals: Not applicable – no specific governmental or regulatory clearances required for this acquisition.
• Consideration type: Cash (no share swap or other instruments).

Closing

JK Cement has formally recorded the above investment with both BSE and NSE, complying with SEBI Listing Regulations. The move aligns with the company’s focus on expanding its renewable‑energy footprint and securing sustainable power sources for its manufacturing facilities.