KMC Speciality Hospitals acquires stake in Gardenia Energy for solar power

KMC Speciality Hospitals (India) Limited announced on September 8, 2025, the acquisition of a 26% equity stake in Gardenia Energy Private Limited. This acquisition, totaling 2,600 equity shares at Rs. 10/- each, amounts to Rs. 26,000/-. The primary objective is to become a CAPTIVE CONSUMER, enabling KMC Speciality Hospitals to avail solar power energy for its MAA Kauvery Hospital unit.

The acquisition is not a related party transaction. Gardenia Energy Private Limited, incorporated on December 5, 2023, operates in the Renewable Energy Sector. Its operations commenced in FY 2024-25, with no reported turnover for the last three years (since financials for FY 2024-25 were not yet signed).

The investment is exclusively to meet the requirement of becoming a Captive Consumer, ensuring a sustainable energy source for the hospital. KMC Speciality Hospitals does not gain control over Gardenia Energy Private Limited through this acquisition, and the investment's nature is highly restrictive.