Birla Cable terminates windfarm power pact, divests shares

Birla Cable Limited has terminated its Power Purchase Agreement (PPA) and Share Purchase and Shareholders Agreement (SPSHA) with Continuum MP Windfarm Development Private Limited, effective December 17, 2025. The PPA, originally dated November 4, 2023, covered the supply of 1.5 MW contracted power from a Wind-Solar hybrid project as a captive user. The termination was mutually agreed due to the non-feasibility of power supply under Long Term Open Access (LTOA)/Medium Term Open Access (MTOA), without any liability for either party.

Following the termination of these agreements, Birla Cable will transfer 17,39,400 fully paid-up equity shares of Continuum to Continuum Green Energy Limited, a promoter of Continuum. The transaction will be completed within seven working days upon receipt of the full consideration of INR 173.94 Lakhs in cash. The shares will be sold at the original purchase price of INR 10/- per equity share.