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Meghmani Organics to Invest ₹3.63 Crore in Renewable Energy Firm
Meghmani Organics Limited
January 13, 2026, 07:00 AM
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Meghmani Organics Limited (MOL) has entered into an agreement with Pro-Zeal Green Power Fifteen Private Limited to secure 3.30 MW of Wind-Solar Hybrid (WSH) Power as a Captive Consumer. This strategic move aims to meet the company's growing energy demands and its commitment to sustainability goals.
MOL will subscribe to securities of Pro-Zeal Green Power Fifteen Private Limited, investing ₹3.63 Crore in tranches for a minimum of 26% stake. The Power Producer, incorporated on June 2, 2025, is engaged in renewable energy generation and transmission and is yet to commence commercial operations. The subscription is a cash consideration and is not a related party transaction, being done at arm's length.
The subscription of securities is expected to be completed within 6 to 9 months. Following this investment, MOL and the Promoter (Prozeal Green Power Private Limited) will hold securities in the Power Producer in a 26:74 ratio. No governmental or regulatory approvals are required for this subscription.
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