Fujiyama Power Systems has announced the acquisition of a 31% stake in Zayo Energy Private Limited (ZEPL) and Zayo Cables Private Limited (ZCPL), making them associate companies. This strategic move aims to strengthen Fujiyama’s value chain and enhance operational synergies.
ZEPL, a private limited company incorporated under the Companies Act, 2013, specialises in manufacturing solar panel components such as EVA sheets, junction boxes, and backsheets. The acquisition will enable Fujiyama to achieve backward integration in its operations. ZEPL’s paid-up capital stands at ₹1,00,000, and it reported a nil turnover for the financial year 2024-25.
ZCPL, also a private limited company, shares its registered office with ZEPL in West Delhi, India. Like ZEPL, ZCPL did not report any turnover for the financial year 2024-25. The acquisition of ZCPL is similarly aimed at enhancing Fujiyama’s operational capabilities.
The acquisition involves a cash consideration of ₹31,000 for ZEPL and is expected to be completed within 30 days from the date of approval. Fujiyama currently holds 1,900 equity shares (19%) in ZEPL, and the acquisition of 3,100 additional shares will increase its total shareholding to 50% of ZEPL’s paid-up equity share capital.
Both ZEPL and ZCPL operate in the solar panel manufacturing industry, aligning with Fujiyama’s business focus. The acquisitions are conducted on an arm’s length basis, with no interest from the promoter group or related parties.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).