Torrent Pharma invests in hybrid renewable energy project

Torrent Pharmaceuticals Limited has entered into a Share Subscription and Shareholders' Agreement on September 10, 2025, to acquire 26% equity shares in Torrent Urja 27 Private Limited. This investment, valued at INR 7,91,93,400 for 79,19,340 Class A Equity Shares, aims to establish a captive hybrid (Solar + Wind) power project in Gujarat. The acquisition is intended to enhance the company's use of renewable power sources and meet regulatory requirements for captive users under Indian electricity laws.

Torrent Urja 27 Private Limited, incorporated on August 6, 2024, is currently a wholly-owned subsidiary of Torrent Green Energy Private Limited. It operates in the generation and transmission of hybrid energy from wind, solar, and other renewable sources. The acquisition is expected to be completed within 18 to 20 months.

This transaction is being carried out on an arm's length basis, with Torrent Urja being a step-down subsidiary of Torrent Pharmaceuticals' holding company. As of March 31, 2025, Torrent Urja reported nil turnover.