In a significant step toward sustainability and energy cost optimization, Super Sales India Limited has announced the acquisition of a 26% equity stake in Aghanaswath Helios Energy Private Limited, a solar power generation company, for a total consideration of ₹2.6 lakh.

The move is part of the company’s strategy to meet its power requirements through renewable sources, particularly under the group captive solar power model, which allows consumers to benefit from lower power tariffs and meet regulatory renewable energy obligations.

Details of the Acquisition

The transaction, executed on April 9, 2025, involves the acquisition of 2,600 equity shares, representing 26% of the paid-up capital of Aghanaswath Helios Energy Private Limited. The total cost of acquisition is ₹2,60,000, and the payment is being made through cash consideration.

According to the official disclosure, the transaction is between unrelated entities, and there is no involvement of promoter or promoter group companies. This acquisition does not qualify as a related party transaction.

Who is Aghanaswath Helios Energy?

Aghanaswath Helios Energy Private Limited, a newly incorporated company on May 8, 2024, is based in Madurai, Tamil Nadu, and operates in the solar energy sector. Its primary business is to generate solar power and sell it to various entities under the group captive model.

Although it currently has no reported revenue from FY2023 to FY2025, the entity is expected to start operations in the near future. The company’s CIN is U35105TN2024PTC170044, and it is registered at 123/1, Avaniyapuram Bypass Road, Kamarajar Nagar, Madurai - 625012.

Purpose of the Investment

The main objective behind this acquisition is to secure solar power supply for Super Sales India’s operational needs under the group captive model. This model enables businesses to jointly invest in renewable energy generation and use the power at a concessional rate. It is especially beneficial for companies with high energy consumption, allowing them to lock in lower electricity costs and reduce their carbon footprint.

The acquisition aligns with Super Sales India’s long-term sustainability goals, helping reduce dependency on non-renewable energy sources and demonstrating its commitment to green energy.

No Regulatory Hurdles in the Deal

The company has confirmed that no governmental or regulatory approvals are required for this acquisition, which ensures a smooth and timely completion of the transaction. Super Sales India expects the deal to be fully completed before the end of April 2025.

Forward-looking Approach

This strategic investment underlines Super Sales India’s intent to be part of the clean energy revolution in India. With an increasing number of corporations transitioning to renewable energy sources, the company’s move is both timely and future-oriented.

By entering the solar energy ecosystem, Super Sales India is not only working toward ESG (Environmental, Social, and Governance) compliance but also enhancing its operational efficiency through sustainable power procurement.

Conclusion

With this acquisition, Super Sales India joins a growing list of corporates leveraging the benefits of green energy investments. While the target company Aghanaswath Helios Energy is still in its nascent stages with zero revenue as of FY2025, the strategic rationale behind the move lies in long-term cost savings, energy security, and environmental responsibility.

As India pushes ahead with its renewable energy goals, such corporate collaborations are likely to become increasingly common, enabling businesses to meet energy demands efficiently while contributing to a greener planet.

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