Board approves up to INR 10.50 million capital contribution 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
- within six months
What the board approved
- A capital contribution of up to INR 10.50 million, in one or more tranches, into Slyce Agri World LLP
- This represents 26% of the fixed capital of the LLP
- Consideration is cash, remitted through normal banking channels
- The investment is estimated to be completed within six months
Why the company is doing this
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 26% capital contribution is made to meet the statutory requirements for availing electricity for captive usage under the electricity act / GERC / CERC captive power regulations, so that the company becomes the sole captive member consumer of the generating entity.
About the LLP
- Slyce Agri World LLP is a special purpose vehicle set up to generate renewable energy from conventional and non-conventional sources and supply such electricity on a captive basis to the company
- The industry it belongs to is generation and sale of solar power in the private sector
- It was incorporated on 23 November 2016 and its registered office is in Ahmedabad
- Slyce is not a related party to the company, so becoming a partner of the LLP does not fall within the category of a related party transaction
- The promoters, promoter group and group companies have no interest in Slyce Agri World LLP
Reported turnover of the LLP
- FY 2022-23: INR 1.30 million
- FY 2023-24: INR 40.86 million
- FY 2024-25: INR 22.40 million
What it means for investors
The move is aimed at securing captive power supply for the company's operations through a partnership in a solar power generating entity. Government or regulatory approvals required for the acquisition are stated as not applicable.
Also from Hester Biosciences
Board approves capital contribution of up to INR 10.50 million for 26% of Slyce Agri World LLP
6 Oct 2026
More numbers
- Capital contribution approvedINR 10.50 million
- Share of fixed capital of LLP26%
- Indicative time period for completionsix months
- Slyce Agri World LLP turnover FY 2022-23INR 1.30 million
- Slyce Agri World LLP turnover FY 2023-24INR 40.86 million
- Slyce Agri World LLP turnover FY 2024-25INR 22.40 million
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.