Dalmia Bharat Limited (DCBL), a wholly owned subsidiary, has successfully acquired a 26% equity share capital in TrueRE Surya Private Limited. This acquisition, involving 2,62,60,337 equity shares, was completed on January 14, 2026, at approximately 11:25 am.

The investment, amounting to ₹42.87 Crore in cash consideration, is aimed at enhancing the company's renewable power supply to meet its RE 100 commitment by 2030 and carbon negative goal by 2040. TrueRE Surya Private Limited is a Special Purpose Vehicle established for setting up a solar power project with a capacity of up to 128 MW in Tamil Nadu, qualifying as a captive consumer under the Electricity Act.

This acquisition is not a related party transaction, and there is no interest from the promoter or promoter group companies. TrueRE Surya Private Limited was incorporated on April 18, 2024, and has reported no turnover in FY 2024-25, operating within the Power Generation industry in India.