Transaction

Incorporated in 2020 and significantly expanded through the 2026 acquisition of M/s. Gamp Services, we are a specialized compliance and validation company helping manufacturers in regulated sectors like life sciences and high-tech meet stringent global regulatory standards, including those of the USFDA and EMA. We offer continuous lifecycle validation, facility and equipment qualification, and specialized OEM-sourced instrumentation across critical domains such as HVAC, SCADA, and cleanrooms. As the rapidly expanding Indian validation market—projected to reach $1.29 billion by 2030 shifts from one-time event qualification toward ongoing lifecycle compliance, our extensive technical expertise uniquely positions us to capture recurring demand and ensure our clients' computerized systems and manufacturing operations consistently maintain a state of regulatory control.

A solar engineering, procurement and construction (EPC) and Battery Energy Storage System (BESS) solutions provider with over a decade of experience in the renewable energy sector. The company primarily provides EPC solutions for solar power projects and BESS solutions for energy storage applications. Its scope of services includes project assessment, engineering and design, procurement of solar modules, battery storage systems and other balance-of-plant components, construction, installation, testing and commissioning. It primarily undertakes rooftop solar, ground-mounted solar and integrated solar-plus-storage projects, with a focus on private-sector customers

Incorporated in April 2024, Deon Energy Limited is a renewable energy company engaged in providing solar energy solutions, primarily through EPC services, operation and maintenance (O&M) services and independent power producer (IPP) activities. The company operates through three service verticals — EPC, O&M and IPP. Its EPC business includes ground-mounted and rooftop solar projects and provides turnkey services covering project conceptualisation, engineering, procurement, construction, commissioning, regulatory approvals and grid connectivity.

Incorporated in August 2018, Claroid Pharmaceuticals Limited is a pharmaceutical formulations manufacturing company engaged in the development and manufacture of generic pharmaceutical products, including tablets and ointments, along with the encapsulation of pharmaceutical formulations into hard gelatin capsules. The company primarily focuses on exporting its products to semi-regulated international markets, particularly in Africa. As of the DRHP date, the company has developed 129 pharmaceutical formulations across therapeutic segments including anti-infective, anti-inflammatory, anti-fungal, dermatology, pain management and gastrointestinal therapies. Its business is supported by a network of more than 30 distributors across Africa.

Incorporated in 2019, PM CONA Industries Ltd is engaged in electrical products with over five decades of industry presence, primarily catering to the low-voltage electrical equipment market, for domestic and commercial use. The company manufactures fast-moving electrical goods (FMEG) and wires under the “PM CONA” brand. Its product portfolio includes modular switches and accessories, non-modular switches and accessories, supported accessories, MCBs/switchgear, lighting and wires. As of July 31, 2026, the company had a network of 2,739 dealers with sales and distribution across 25 states and 5 Union Territories, managed through 19 depots and 1 warehouse across 16 states.

S.D. International Ltd. is engaged in the manufacturing of semi-rigid and rigid food and FMCG packaging products in India. The company operates primarily on a B2B business model and supplies packaging products to customers and distributors based on their dimensional, structural and aesthetic requirements. As of Fiscal 2026, it offered more than 250 SKUs catering to takeaway and food-service establishments, dairy, sweets and confectionery, bakery, branded food products and agro-based industries. The company has served more than 800 customers during Fiscal 2026 across India and international markets.

Photonics Watertech Limited is engaged in providing end-to-end services in (i) LED-based lighting solutions; (ii) Solar EPC; (iii) Water Infrastructure and (iv) Automation, for government sector (including institutional & public sector undertakings) and private sector customers. The company was originally incorporated as “Photonics Watertech Private Limited” under the Companies Act, 1956 vide Certificate of Incorporation dated April 22, 2011, and was subsequently converted to a public limited company in March 2026.

Deepa Jewellers Limited is an India-based designer, processor and supplier of hallmarked gold jewellery, engaged in the manufacture, trading and job-work processing of 22 karat gold jewellery and precious stone-studded ornaments from its headquarters in Hyderabad, Telangana. Incorporated in 2016 and later converted into a public limited company in September 2025, the company serves B2B customers including retail chains and independent jewellery stores, with operations concentrated across Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. The company offers a diverse range of products across 76 SKUs, with specialized expertise in vaddanams (waist belts) and CNC machine-cut bangles.

Polite Powertech Limited is a power infrastructure EPC company involved in the design, supply, installation, testing and commissioning of transmission, distribution and renewable energy projects across India. Its origins trace back to M/s. Patel Electricals (established in 2006), which built strong technical expertise and client relationships in the power sector. The company executes turnkey projects across the full voltage spectrum, including Extra High Voltage (EHV), High Voltage (HV), Medium Voltage (MV), and Low Voltage (LV) systems. It primarily serves government utility companies like GETCO and DISCOMs through public tenders, and also undertakes industrial projects for private sector clients.

Incorporated in 2020, Cosmic PV Power Limited is one of India’s fastest-growing solar photovoltaic (PV) module manufacturers, based on a CAGR of 125.8% for revenue from operations from Fiscal 2023 to Fiscal 2025 among its peers. The company has expanded its capacity significantly from 100 MW in 2021 to 3.00 GW, with vertically integrated operations across manufacturing, EPC, and component production. Cosmic PV produces standard and customized high-efficiency n-type TOPCon, mono-PERC, and bifacial solar PV modules with power outputs ranging from 420 W to 750 W. As of March 2026, the company’s outstanding order book for solar PV modules totaled 1.80 GW.