Transfer of 31.15% stake in energy subsidiary to captive users for Rs. 2.80 Crores

Constronics transferred shares of its wholly-owned subsidiary Constronics Energy Solution Private Limited (a Captive Generating Plant) to two captive users: ELGI Equipments Limited 16,17,000 shares (18.01%) and Tablets (India) Limited.

Fri 25 Sep 2026

Stake transferred to ELGI Equipments

16,17,000 shares (18.01%)

Stake transferred to Tablets (India) Ltd

11,80,000 shares (13.14%)

Total consideration

Rs. 2.80 Crores

Share price per unit

Rs. 10 (face value)

Retaining stake in subsidiary

68.85%

What happened

Constronics Infra Limited has transferred part of its shareholding in its wholly-owned subsidiary, Constronics Energy Solution Private Limited, to captive users of the plant.

• ELGI Equipments Limited: 16,17,000 shares, 18.01%
• Tablets (India) Limited: 11,80,000 shares, 13.14%

Terms

The shares were transferred at face value of Rs. 10 each, aggregating to a consideration of Rs. 2.80 Crores. The agreement for sale was entered into on 24th September 2026 and completion is stated as the same date.

Why captive users matter

The subsidiary operates as a Captive Generating Plant under the Electricity Act, 2003. Under that framework, users who consume power from such a plant are generally required to hold ownership in it. Bringing captive users onto the shareholder register is consistent with that structure.

Position after the transfer

The unit ceased to be a wholly-owned subsidiary and became a subsidiary, with Constronics Infra retaining 68.85% shareholding. So it remains under the company's control and will continue to be consolidated.

Other disclosures

• Turnover/revenue/income and net worth contributed by the subsidiary during the last financial year: Nil
• The buyers are not promoters and do not belong to the promoter group
• The transaction does not fall under related party transactions

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