V-Guard Industries Invests ₹ 25 Crore in Gegadyne Energy Labs
Filing Summary
V-Guard Industries Ltd has approved an additional investment of ₹ 25,00,29,374 in Gegadyne Energy Labs Private Limited, increasing its stake to 30.35% on a fully diluted basis. Gegadyne Energy Labs, an associate company, focuses on energy storage and alternate battery technology. The investment involves acquiring 1,438 preference shares, convertible into compulsorily convertible cumulative participating preference shares. The transaction is expected to be completed by March 31, 2026. This strategic move aligns with V-Guard’s interest in leveraging alternate battery technology for various applications within its existing product portfolio.
V-Guard Industries Ltd has announced its decision to make a further investment in Gegadyne Energy Labs Private Limited (GEL), an associate company. The Board of Directors approved the investment of ₹ 25,00,29,374 during a meeting held on March 10, 2026. This investment will increase V-Guard’s holding in GEL to 30.35% on a fully diluted basis. The meeting commenced at 11:00 A.M. and concluded at 12:05 P.M.
The financial terms of the investment involve acquiring 1,438 0.01% optionally convertible cumulative participating preference shares of ₹ 500 each. These shares will be converted into compulsorily convertible cumulative participating preference shares at a premium of ₹ 1,73,373. The total consideration for this transaction is ₹ 25,00,29,374, and the acquisition will be executed through a cash consideration.
Gegadyne Energy Labs operates in the energy storage sector, focusing on alternate battery technology. The company has not yet commenced commercial operations, and its revenue from operations remains nil. However, it reported an income of ₹ 30.3 lakhs from other sources for the financial year 2024-25. The investment aims to provide V-Guard with access to alternate battery technology, which offers advantages such as lower total cost of ownership, longer life, faster recharge, better safety profile, and lower maintenance. These technologies have potential applications in DUPS, energy storage, and other products within V-Guard’s existing portfolio.
The acquisition does not require any governmental or regulatory approvals and is expected to be completed by March 31, 2026. The investment is conducted on an arm’s length basis, as GEL is an associate company in which V-Guard currently holds a 24.32% stake on a fully diluted basis.
Gegadyne Energy Labs was incorporated in 2017 and is based in India. The company specializes in alternate technology-based batteries, including battery cell and pack systems, as well as battery rack systems. Its registered office is located in Mumbai, Maharashtra.
V-Guard Industries Ltd is engaged in the manufacturing and marketing of a wide range of electrical and electronic products. The company focuses on innovation and technology to enhance its product offerings and expand its market presence. V-Guard aims to leverage strategic investments and partnerships to strengthen its position in the energy storage and alternate technology sectors.