Mint reported that AESC Apollo Holding Ltd. (AESC Apollo) general counsel Gordon Louis Chin left the board of Agratas Energy Storage Solutions Pvt. Ltd. (Agratas), which targets production at its Gujarat plant in 2027.
Mint cited corporate filings but gave no effective date or reason for the reported departure. The exit remains unverified. Mint said Agratas and AESC declined to comment.
Mint also reported that Agratas received ₹186 crore in services from AESC Apollo in FY26, the fiscal year ended March 31, 2026, down from ₹317 crore in FY25. It put trade payables due to AESC Apollo at ₹5 crore on March 31, 2026, compared with ₹38 crore a year earlier. The outlet said remaining payments linked to capital expenditure were ₹297 crore in FY26, versus ₹430 crore in FY25. Those figures included estimates for milestones not completed by fiscal year-end.
The reported financial changes do not establish why the board seat changed.
In separate reporting, Mint said Agratas’ FY26 filing disclosed an intellectual-property agreement with AESC Apollo covering lithium iron phosphate (LFP) and nickel manganese cobalt (NMC) battery technologies. The outlet said the filing described Agratas’ investment in research and development and staff to absorb the technology and develop internal capabilities. Agratas says it has innovation hubs in Bengaluru and Oxford, with more than 100 scientists, engineers and innovators working globally.
At Sanand, Agratas plans a first production phase with annual capacity of 20 GWh. The company said the first process equipment reached the site on Sept. 16. Its next phase will pair equipment installation with commissioning and operational preparations as it works toward the 2027 production target.
