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Pix Transmissions Ltd. — Capital/Financing Update 2025
Feb 14, 2025
62147_rns_2025-02-14_42d2a727-05b7-4158-b7d2-89a569b76316.pdf
Capital/Financing Update
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Date : 14/02/2025
To To The Corporate Relationship Department The Manager, Listing Department BSE Limited, Phiroze Jeejeebhoy Towers National Stock Exchange of India Limited Dalal Street Exchange Plaza , 5[th] Floor , Plot No C/1 Mumbai - 400001 G Block ,Bandra Kurla Complex, Bandra (E) Mumbai 400051
Scrip Code: 500333 NSE SYMBOL: PIXTRANS, SERIES: EQ
Dear Madam/Sir,
Subject: Capital Expenditure proposal of Rs 30 Cr approved by the Board
In compliance with regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held on February 14, 2025 has approved the Capital Expenditure project for installation of 9.3 MW captive solar power plant at an estimated cost of Rs 30 Crores.
The key highlights of the project are as under:
| 1 | Project Name | Captive Solar Power Plant | 2 | Investment required | Rs 30 Cr |
|---|---|---|---|---|---|
| 3 | Mode of Financing | Bank finance + Internal accruals |
4 | Capacity | 9.3 MW |
| 5 | Land area required | 30 - 40 acres | 6 | Land ownership type | Own / Lease hold |
| 7 | Location | Yet to be finalised | 8 | Proposed Completion period |
18 months from grid connectivityapproval |
| Rationale | To mitigate electricity costs and harness sustainable energy sources, electricity generated at the solar power plant will be utilised towards real time and banking settlement of electricity units consumed at our manufacturing plants located in Nagpur. In addition to the immediate benefits of operational cost-savings, the solar power plant installation underscores our commitment to build a sustainable and eco- friendly manufacturing plant. This initiative marks a crucial milestone in our quest to imbibe clean energy practices coupled with environmental stewardship. |
The meeting of the Board of Directors commenced at 03:00 P.M. on 14[th] February 2025 and concluded at 04:15 P.M. on 14[th] February 2025.
Thanking You
Yours truly FOR PIX TRANSMISSIONS LTD
SHYBU K Digitally signed by SHYBU K VARGHESE VARGHESE Date: 2025.02.14 16:51:52 +05'30' SHYBU VARGHESE Company Secretary
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