In a significant move to expand its business portfolio, Aesthetik Engineers Limited has announced an investment in Solisys Solar Private Limited, which has now become a wholly-owned subsidiary of the company. This decision was finalized in the Board Meeting held on January 7, 2025, marking a crucial step in Aesthetik Engineers' business strategy.

The acquisition involves the purchase of 3,00,000 equity shares in Solisys Solar, at a price of Rs. 13 per share, totaling an investment of Rs. 39,00,000. As a result, Solisys Solar Private Limited will now fall under the complete control of Aesthetik Engineers, cementing their position in the solar industry. The board approved this acquisition as part of its broader strategy to diversify its business operations and grow within the renewable energy sector.

The acquisition is a related party transaction, as Solisys Solar is an associate company of Aesthetik Engineers Limited. However, the transaction is being carried out on an arm's length basis, ensuring transparency and compliance with corporate governance standards. This move aligns with SEBI regulations, as outlined in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates detailed disclosures regarding acquisitions.

Impact of the Acquisition on Aesthetik Engineers
The acquisition of Solisys Solar allows Aesthetik Engineers to broaden its business horizons and enter a growing market. The solar industry has seen significant growth, driven by increasing global demand for sustainable and renewable energy solutions. By acquiring Solisys Solar, Aesthetik Engineers can leverage new opportunities in solar energy, boosting its long-term growth prospects.

Additionally, this acquisition is expected to provide substantial synergies between the two companies, enabling Aesthetik Engineers to enhance its operational capabilities and market reach in the solar industry. The move also demonstrates the company’s commitment to expanding its business in line with sustainable energy trends and corporate growth.

Details of the Acquisition
As per the SEBI circular dated November 11, 2024, Aesthetik Engineers has provided all the necessary details in the Annexure-A document. These include:

• Solisys Solar was incorporated on February 9, 2024, and is primarily engaged in the solar industry.
• The company’s paid-up share capital stands at Rs. 50,00,000, with no significant turnover to date.
• The transaction is approved at an arm's length and is in line with Aesthetik Engineers' expansion strategy.

The acquisition is expected to be completed in FY 2024-25, and the necessary approvals have been secured for the transaction. It is a cash acquisition, further ensuring the financial stability of Aesthetik Engineers during this transition.

This acquisition also serves as a strategic move to fulfill the company’s vision of becoming a dominant player in the renewable energy sector. With this acquisition, Aesthetik Engineers will have a full stake in Solisys Solar, allowing them to shape the future of the company as it continues to grow within the solar industry.

The company has also expressed its intentions to explore further investments, including loans, guarantees, and other financial mechanisms, subject to the limits prescribed under Section 186 of the Companies Act, 2013. These investments are intended to strengthen the company’s position in the solar industry and facilitate its long-term goals.

Looking Ahead
As part of its ongoing expansion, Aesthetik Engineers is expected to continue making strategic investments in sectors aligned with its vision. The company’s entry into the solar energy market through this acquisition is expected to provide strong returns and enhance its market value. By building on this acquisition, Aesthetik Engineers is poised to unlock new avenues of growth, ultimately benefiting its stakeholders.

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