Relaxo Footwears Limited (RELAXO) — Announcement

· NSE Neutral
📢 Key Event
Relaxo Footwears incorporates Clean Max MUOI Private Limited as a renewable energy SPV
🔄 What Changed
Incorporation of new SPV for renewable energy projects
🔮 What's Next
Completion within approximately 60 days
💡 Investor Takeaway
This acquisition establishes Relaxo's renewable energy infrastructure to reduce costs and meet regulatory requirements.

Relaxo Footwears announced incorporation of Clean Max MUOI Private Limited, a renewable energy SPV, to develop captive solar projects for its manufacturing facilities. The company plans to invest up to ₹2.50 crores for ~26% equity, with completion expected within 60 days. This strategic move supports green energy compliance and operational cost optimization.

📄 View Original Announcement (PDF)

About Relaxo Footwears Limited (RELAXO)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹7,179.39 Cr P/E: 42.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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