Sangam India Ltd

Sangam India Boosts Renewable Energy Capacity with 12 MW Expansion ⚡

- Sangam India executed agreements with CGE II Hybrid Energy & Continuum Green Energy to secure renewable power for its Rajasthan plants.

- Target entity CGE II Hybrid Energy has authorized share capital of ₹325 Cr and paid-up capital of ₹284.67 Cr.

- Acquisition enhances captive renewable power consumption by 12 MW for Sangam's operations.

- Transaction completed on 14th October 2025 for ₹11.42 Cr, acquiring 1.14 Cr equity shares (3.86% stake).

- CGE II Hybrid Energy, incorporated in December 2021, is a subsidiary of Continuum Green Energy.

- No related party involvement; promoter group has no interest in the target entity.