TCPL Packaging Acquires 26% Stake in Clean Max Hana for Rs.1.09 Crores

On March 9, 2026, TCPL Packaging Ltd announced the acquisition of a 26% equity stake in Clean Max Hana Private Limited through a Share Purchase Agreement. The transaction involves a cash consideration of Rs.1.09 Crores. Clean Max Hana is a special purpose vehicle established for the generation and transmission of renewable energy, with a focus on solar power.

The acquisition is intended to address TCPL’s green energy requirements, optimize energy costs, and ensure compliance with regulatory mandates for captive power consumption under electricity laws. The acquisition does not constitute a related party transaction, and neither the promoter nor the promoter group has any interest in the entity being acquired.

Clean Max Hana was incorporated on June 18, 2025, under the Companies Act, 2013. As a newly established entity, it does not have a turnover history. The company is setting up a captive solar power project with a capacity of approximately 3.05 MWp in Uttarakhand. The acquisition was completed upon the execution of the Share Purchase Agreement, with no additional governmental or regulatory approvals required.

The consideration for the acquisition is entirely in cash, and TCPL will maintain up to a 26% equity stake throughout the project’s duration. This strategic move aligns with TCPL’s objectives to enhance its energy efficiency and sustainability practices.

TCPL Packaging Ltd is a leading player in the packaging industry, focusing on providing innovative and sustainable packaging solutions. The company is committed to expanding its capabilities in renewable energy to support its operational needs and reduce its environmental footprint.