Powerica Ltd invests Rs 3 crore for 49% stake in Fuji‑Kailash Energy

What Powerica announced

Powerica Limited disclosed that its board, on 21 April 2026, approved an investment of Rs 3 crore in Fuji‑Kailash Energy Private Limited (FKEPL). The investment was completed on 22 May 2026, when the equity shares were allotted to Powerica, giving it a 49 % stake in the newly incorporated renewable‑energy firm.

The filing, made under Regulation 30 of the SEBI Listing Regulations on 16 July 2026, acknowledges that the disclosure was missed in earlier compliance filings and has now been rectified. Powerica emphasised that the transaction does not involve any related parties and that no governmental or regulatory approvals were required.

Details of the acquisition

• Target entity: Fuji‑Kailash Energy Private Limited (FKEPL) – a renewable power generation company engaged in solar, wind, hybrid and bio‑energy projects. It is incorporated on 26 July 2025 and is headquartered in Ahmedabad, Gujarat.
• Financials of FKEPL:
  • Authorized share capital: Rs 3.60 crore
  • Paid‑up share capital before investment: Rs 1.80 crore
  • Paid‑up share capital after investment: Rs 3.52 crore (approximately Rs 3.53 crore)
  • Turnover: Nil (the company has not commenced commercial operations).
• Consideration: Cash payment of Rs 3 crore for 17,29,106 equity shares of Rs 10 each.
• Shareholding: Powerica now holds 49 % of the equity of FKEPL, positioning it as a significant minority shareholder.
• Purpose of acquisition: The board cited entry into de‑risked renewable assets, long‑term revenue visibility, strengthening Powerica’s renewable portfolio, and supporting its ESG framework.
• Regulatory compliance: The transaction is not a related‑party transaction and does not require any specific governmental or regulatory approvals.

Key facts at a glance

Why this matters for investors

The acquisition gives Powerica a foothold in the fast‑growing renewable‑energy sector without taking on full operational risk. By holding a 49 % stake, Powerica can benefit from future project revenues and potential capital appreciation of FKEPL, while the target’s current nil turnover means the investment is largely a strategic positioning rather than an immediate cash‑flow contributor.

From a capital‑structure perspective, the Rs 3 crore outlay is modest relative to typical infrastructure deals, suggesting limited short‑term dilution or cash‑flow strain. The filing also indicates that Powerica has strengthened its internal compliance mechanisms after the oversight, which may reassure regulators and investors about future governance.

Conclusion

Powerica’s board approved and executed a Rs 3 crore investment to acquire a 49 % stake in Fuji‑Kailash Energy Private Ltd, a newly formed renewable‑energy developer. The transaction, disclosed under Regulation 30 on 16 July 2026, is non‑related‑party, requires no external approvals, and aligns with Powerica’s strategy to expand its renewable‑energy portfolio and enhance long‑term revenue visibility. The company has acknowledged a prior compliance lapse and has taken steps to improve its internal controls.

"The acquisition strengthens the Company's renewable portfolio and supports its ESG framework," Powerica’s filing states.

The deal is now complete, and Powerica will monitor FKEPL’s project pipeline and financial performance as part of its broader growth strategy.