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CARE has reaffirmed the 'CARE A; Stable' credit rating for ₹780.76 Crore in long-term bank facilities of Sarda Energy & Minerals Limited's subsidiary, Madhya Bharat Power Corporation Ltd. This reaffirmation reflects the subsidiary's consistent creditworthiness.
Sarda Energy & Minerals Ltd submitted a certificate confirming compliance with SEBI dematerialization regulations for the quarter ended March 31, 2026. The registrar, Bigshare Services Pvt. Ltd., verified that security certificates were mutilated and cancelled after substitution in the register of members.
Sarda Energy & Minerals Limited has appointed Mr. Partha Sarthi Dutta Gupta for a five-year term effective April 3, 2026. This leadership addition is part of the company's management structure updates and follows routine regulatory disclosure requirements for key personnel changes.
Sarda Energy & Minerals approved a ₹25 crore real estate JV and the ₹25 crore acquisition of a 66 MW hydro project in Arunachal Pradesh. Additionally, Mr. Partha Sarthi Dutta Gupta was appointed Executive Director. These moves expand the company's footprint in green energy and real estate development.