Advanced Enzymes Technologies Ltd. has announced board approval for collaboration on a Group Captive Wind Power Plant, investing up to 26% equity stake in a Special Purpose Vehicle (SPV). This decision supersedes plans for a solar power project. The board also approved unaudited financial results for Q3 2026, with a net profit of ₹431.83 million and total revenue of ₹1,804.18 million.
Wind Power Collaboration Approved
The Board of Directors has approved a collaboration to establish a Group Captive Wind Power Plant through a Special Purpose Vehicle (SPV). Advanced Enzymes will invest up to 26% equity stake in the proposed SPV, acting as a captive user for the generated electricity. Due to this new initiative, the company will no longer proceed with the previously considered solar power project.
Financial Results for Q3 2026
The Board has also approved the unaudited financial results for the quarter ended December 31, 2025. Key highlights include:
- Total Income: ₹1,804.18 million
- Profit Before Tax: ₹582.91 million
- Net Profit: ₹431.83 million
Details of Investment in SPV
The proposed SPV will be incorporated in India to develop the Group Captive wind power project. 74% equity stake in the SPV will be held by the developer post-incorporation. Advanced Enzymes plans an equity investment that will not exceed ₹16.20 million, for up to 26% equity stake.
Source: BSE
