Prakash Pipes Acquires 26% Stake in BECIS Solar 3 Pvt Ltd
Filing Summary
Prakash Pipes Limited has completed the acquisition of a 26% equity stake in BECIS Solar 3 Private Limited. The transaction involved the allotment of 3,51,352 fully paid-up equity shares of BECIS, each with a face value of ₹1 and issued at a premium of ₹0.02 per share. The total investment amounts to ₹3,58,379. This acquisition aligns with the company’s plan to develop a solar power project to supply power to its operations, as per the Electricity Rules, 2005.
Prakash Pipes Limited has acquired a 26% equity stake in BECIS Solar 3 Private Limited. The acquisition was completed on 19th February 2026, following an earlier announcement made on 18th December 2025.
The transaction involved the allotment of 3,51,352 fully paid-up equity shares of BECIS. Each share has a face value of ₹1 and was issued at a premium of ₹0.02 per share. The total investment made by Prakash Pipes amounts to ₹3,58,379. This acquisition is in compliance with the Electricity Rules, 2005, and is intended for the development and construction of a solar power project to supply power to Prakash Pipes.
Prakash Pipes Limited focuses on the manufacturing of PVC pipes and fittings. The company is committed to expanding its operations and enhancing its energy efficiency through strategic investments in renewable energy projects. This acquisition is part of its broader strategy to integrate sustainable practices into its business operations.