Sundaram-Clayton invests in renewable energy venture, director resigns

Sundaram-Clayton Limited has acquired an 11.63% equity stake in Navia Two Power Private Limited for INR 116,280/-. Navia, incorporated on August 12, 2024, is a special-purpose vehicle of Zelestra Group, dedicated to owning and operating a captive power plant and engaged in renewable energy generation. This acquisition, completed on November 27, 2025, aims to meet regulatory requirements for captive power consumption under Indian electricity laws.

In a separate development, Rajesh Narasimhan resigned from his position as non-executive non-independent director of Sundaram-Clayton Limited, effective November 28, 2025, due to personal reasons. Consequently, he also stepped down as the chairperson of the stakeholders' relationship committee. The company confirmed no other material reasons contributed to his resignation.