Sandhar Technologies has executed a Share Subscription and Shareholders' Agreement (SSSHA) with Hero Rooftop Energy and Clean Renewable Energy HR 1B (SPV) on July 2, 2026. Pursuant to said agreement, company agreed to subscribe minimum 26% shareholding in Clean Renewable Energy HR 1B (SPV) (as per the current shareholding structure) for a cash consideration of Rs 1.62 crore.
The proposed acquisition of shares is intended to enable the company to avail solar power, thereby reducing its energy costs. This investment is also driven by the increasing demand from various customers for the adoption of sustainable and renewable energy practices across the supply chain. The acquisition aligns with the company's commitment towards environmental sustainability by promoting the consumption of renewable energy, reducing its carbon footprint, and advancing its carbon neutrality initiatives.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
