Off-market transfer of 12.78 lakh equity shares in ESG Green Energy to Ramco Industries
Investment Committee approved the off-market transfer of 12.78 lakh equity shares of face value Rs. 10/- each held in subsidiary ESG Green Energy Private Limited to Ramco Industries Limited, described as a proposed group captive consumer.
By ScoutQuest · · 1 min read
- Shares transferred
- 12.78 lakh equity shares
- Face value
- Rs. 10/- each
- Transferee
- Ramco Industries Limited
Transfer approved
- The Investment Committee, at its meeting on 23rd October 2026, approved the off-market transfer of 12.78 lakh equity shares of face value Rs. 10/- each held in ESG Green Energy Private Limited.
- The shares are being transferred to Ramco Industries Limited, described in the update as a proposed group captive consumer in that subsidiary.
- The committee acted under powers conferred by the Board of Directors of the company.
Subsidiary status
- After the transfer to Ramco Industries Limited, ESG Green Energy Private Limited continues to be a subsidiary of the company, as stated in the update.
- The update identifies ESG Green Energy Private Limited as the subsidiary company whose shares are being transferred.
What the terms mean
- An off-market transfer is a transfer of shares directly between parties, outside the stock exchange trading platform. It does not involve buying or selling the listed company's own shares.
- A group captive consumer is the description given in the update to Ramco Industries Limited in relation to the subsidiary.
What to read into it
- The action is at the level of the subsidiary's shareholding, and the company states the subsidiary relationship remains intact.
- The disclosure is a record of a committee decision on a share transfer, useful for tracking how the subsidiary's ownership is being reshaped.
Also from Swelect Energy Systems
Approved acquisition of 100% equity shares of Sushma Solar Energy Private Limited
23 Oct 2026
Pradeep Kumar Madhur Appointed Chief Business Officer, Effective October 1, 2026
1 Oct 2026
Step-down subsidiary commissions 3.125 MW solar plant in Tamil Nadu for captive use
1 Oct 2026
More numbers
- Equity shares transferred in ESG Green Energy Private Limited12,78,000
- Face value per equity shareRs. 10/-
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.