Vardhman Textiles Limited announced today an amendment to its Share Subscription and Shareholders’ Agreement for a 30 MWac (42MWp) ground-mounted solar power project in Punjab. The amendment, executed on November 13, 2026, inducts Mr. Nikesh Sinha as a Co-Developer Shareholder alongside ASG HOLDCO BETA PTE. LTD. All other terms of the original agreement remain unchanged.
Key Amendment to Solar Project Agreement
Vardhman Textiles Limited has executed an amended Share Subscription and Shareholders’ Agreement concerning its joint venture for a ground-mounted solar power project located in the State of Punjab. The project, which has a total capacity of 30 MWac (42MWp) and operates on a group captive basis, will now have an updated shareholder structure.
New Co-Developer Shareholder Introduced
The amendment, finalized on November 13, 2026, officially inducts Mr. Nikesh Sinha as a Co-Developer Shareholder. He will be joining ASG HOLDCO BETA PTE. LTD. in this role. This development follows an earlier intimation dated November 25, 2025, which had informed the exchange about the initial execution of the agreement for this renewable energy facility. The company has confirmed that all other aspects of the agreement remain consistent with the original terms.
Source: BSE
