Board approves capital contribution of up to INR 10.50 million for 26% of Slyce Agri World LLP
Board approved a capital contribution of up to INR 10.50 million in Slyce Agri World LLP, in one or more tranches.
- Capital Contribution
- up to INR 10.50 million
- Stake in LLP
- 26% of the LLP's fixed capital
- Completion Timeline
- estimated within six months
What the board approved
The Board of Directors, at its meeting held on 6 October 2026, considered and approved a capital contribution of up to INR 10.50 million, in one or more tranches, in SLYCE AGRI WORLD LLP. This represents 26% of the fixed capital of the LLP, on the terms and conditions of the Power Purchase Agreement (PPA) and the LLP Agreement.
Why the company is doing this
- Slyce is a special purpose vehicle set up to generate renewable energy from conventional and non-conventional sources and to supply such electricity on a captive basis to the company.
- The company will enter into a Power Purchase Agreement (PPA) with Slyce, which owns, operates and maintains a group captive power generating plant and supplies electricity.
- The update states the 26% capital contribution is made in line with the statutory requirements under the electricity act/GERC/CERC captive power regulations, so that the company becomes the sole captive member consumer of the generating entity and fulfils captive compliance.
Deal terms as disclosed
- Nature of consideration: cash, by way of remittance through normal banking channel.
- Cost of acquisition / price: INR 10.50 million, in one or more tranches.
- Indicative time period for completion: estimated within six months.
- Governmental or regulatory approvals required: Not Applicable.
About the entity
- Slyce Agri World LLP is a Limited Liability Partnership incorporated on 23 November 2016, with LLPIN AAH-8663, registered office in Ahmedabad.
- It is engaged in generation of renewable energy from conventional and non-conventional sources and supplying such energy; the industry is generation and sale of solar power in the private sector.
- Turnover: FY 2022-23 – INR 1.30 million; FY 2023-24 – INR 40.86 million; FY 2024-25 – INR 22.40 million.
Related party position
Slyce is not a related party to the company, and becoming a partner of the LLP does not fall within the category of a related party transaction. The promoters, promoter group and group companies do not have any interest in Slyce Agri World LLP.
How to read this
The stated purpose is captive power — the company is taking a stake in the entity that will supply it electricity, under a PPA, rather than diversifying into a new business line. The contribution is approved as an amount of up to INR 10.50 million, payable in one or more tranches, with completion estimated within six months.
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Board approves up to INR 10.50 million capital contribution for 26% of Slyce Agri World LLP
6 Oct 2026
More numbers
- Capital contribution approved in Slyce Agri World LLPINR 10.50 million
- Share of fixed capital of the LLP26%
- Slyce turnover FY 2022-23INR 1.30 million
- Slyce turnover FY 2023-24INR 40.86 million
- Slyce turnover FY 2024-25INR 22.40 million
- Indicative time period for completionsix months
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