5433222026-10-085433222026-10-082026-10-08iso4217:INRxbrli:pure

543322

Alivus Life Sciences Limited

ALIVUS

NOTLISTED

INE03Q201024

New

Acquisition (including agreement to acquire)

false

2026-10-07

16:00:00

2026-10-08

Alivus Life Sciences Limited

Listed Entity (self)

Torrent Urja 19 Private Limited

false

true

The promoter of the Company, Nirma Limited has also entered into a similar Power Supply Agreement and Share Purchase cum Subscription Shareholders Agreement with Torrent Urja 19 Private Limited whereby Nirma Limited has acquired 16.99% stake in Torrent Urja 19 Private Limited.

true

Generation and transmission of solar energy and other sources of renewable energy.

In line with Alivus Life Sciences Limited’s (formerly Glenmark Life Sciences Limited) commitment to become carbon neutral by 2030, this investment will enhance the share of renewable power in its operation. The acquisition of shares will enable Alivus Life Sciences Limited (“Alivus”) to invest in renewable energy and thereby comply with regulatory requirement for being a captive user under Indian electricity laws. Alivus has acquired 9.21% stake in Torrent Urja 19 Private Limited in order to qualify for captive requirements as per the provision of Electricity Act, 2003.

true

The Company will invest up to an amount not exceeding Rs. 16 Crores by way of investment through Equity. Out of this amount, Rs. 14.04 Crores has been invested in this transaction resulting in the Company subscribing to 9.21% equity shares.

Cash

140400000

Cash Consideration

140400000

0.0921

Torrent Urja 19 Private Limited was incorporated on 6 August 2024 in India and is engaged in business of generating, producing, accumulating, storing, improving, buying, selling, reselling, transmitting, distributing and supplying electrical power generated using solar energy and all other sources of renewable energy and developing infrastructure projects based on non-conventional renewable sources of energy in both grid – connected as well as off-grid mode (distributed generation) and/ or related assets or products or activities like Non-conventional Energy generation and transmission and to act as agent, representative, consultant, collaborator or otherwise to deal in electrical power.

India