JK Tyre & Industries has announced an investment of ₹1.31 crore to acquire a 26% equity stake in Roofsol RenewablesFive Pvt. Ltd (RRFPL). The acquisition aims to comply with regulatory requirements for captive power consumption under Indian electricity laws.
The investment decision was approved during a board meeting held on 15th April 2026. RRFPL is a wholly owned subsidiary of Roofsol Energy Pvt. Ltd and was incorporated on 1st April 2025. The entity is specifically set up for establishing a captive power plant at JK Tyre’s Laksar Tyre Plant in Uttarakhand.
RRFPL, which operates in the power generation sector using solar energy, currently has no turnover. The acquisition does not fall under related party transactions, and no regulatory or governmental approvals are required for its completion. JK Tyre plans to maintain a minimum 26% stake in RRFPL throughout the term of the Power Purchase Agreement, Share Subscription, and Shareholders Agreement.
The transaction will be completed within 180 days and involves a cash consideration. This strategic investment is part of JK Tyre’s efforts to enhance its energy sustainability and ensure compliance with electricity regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).