5443172026-10-195443172026-10-192026-10-19iso4217:INRxbrli:pure544317TRANSRAIL LIGHTING LIMITEDTRANSRAILLNOTLISTEDINE454P01035NewAcquisition (including agreement to acquire)true2026-10-1915:55:002026-10-19TRANSRAIL LIGHTING LIMITEDListed Entity (self)NOPL Pace Green Energy Private Limited1100000-200000-100000falsefalsetrueGeneration of PowerThe Target Company is engaged in the development of an aggregated solar power portfolio of approximately 990 MW (AC) under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme, distributed across locations in Maharashtra. The Target Company is at an advanced stage of development. A long-term Power Purchase Agreement has been executed with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the offtake of the entire generation, and project debt has been sanctioned by a reputed financial institution. The acquisition therefore would provide an operating asset platform with contracted revenue and committed financing, not a greenfield development risk. The investment is expected to provide several strategic benefits: • Entry into renewable power generation: Participation in a large solar portfolio with a long-term contracted power offtake arrangement. • Leveraging existing expertise: Application of Transrail’s capabilities in engineering, procurement, project management and execution of large power infrastructure projects. • Participation across the value chain: Opportunities in project implementation as well as long-term returns from ownership of a renewable power generation asset. • Diversification: Expansion beyond the EPC business into renewable power generation, with the potential for recurring earnings after commissioning. Impact on the Company: The acquisition is expected to have a positive impact and create opportunities for long-term participation in renewable power generation. The Company’s further investment will be phased in line with project milestones and debt drawdown.YesThe completion of the acquisition is subject to customary conditions and requisite approvals, as applicable and the consent of the financial institution that has sanctioned the project debt, which are conditions precedent to the acquisition.false180 DaysCash200000000Transrail Lighting Limited proposes to acquire up to 49% of the equity capital in the target company. The investment is structured to provide the Company with financial and project management control under the agreed arrangements with Onix Renewable Limited (with the flexibility to increase its shareholding, potentially upto 100%, subject to mutually agreed terms and applicable approvals.) 20000000000.490.49NOPL Pace Green Energy Private Limited (the “Target Company”) was incorporated in India on April 25, 2024. It is a special purpose vehicle engaged in the development, construction, ownership and operation of solar power generation projects. The Target Company is developing an aggregated solar power portfolio of approximately 990 MW (AC) with an approximate project cost of around Rs. 3,900 Crore, in Maharashtra under Component C of the Government of India’s PM – KUSUM scheme. The project is intended to support the solarisation of agricultural feeders and improve the availability of daytime electricity for irrigation The portfolio is backed by a 25-year Power Purchase Agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) at a fixed tariff of ₹3.10 per unit. The indicative total project cost is approximately ₹3,900 crore, and debt financing has been sanctioned by reputed financial institution, subject to applicable financing and disbursement conditions. As the Target Company has not yet commenced commercial operations, it has not reported any revenue from operations in FY 2024-25 or FY 2025-26. The Target Company’s presence is limited to India. Upon completion of the proposed acquisition, NOPL Pace Green Energy Private Limited shall become an Associate of the Company.2024-04-25India