Agarwal Industrial Corporation Limited has informed the Exchange about General Updates
AGARIND · price
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Agarwal Industrial Corporation Limited has announced a proposal to acquire 100% equity shares of Konkan Storage Systems (Karwar) Private Limited, a port-based industrial and infrastructure company that sets up warehouses for liquid and heated cargo. The acquisition is fully cash-based and is expected to be completed by the end of September 2025, after which the target will become a Wholly Owned Subsidiary. The target company's turnover was ₹32,976 lakhs in FY24, ₹26,926 lakhs in FY23, and ₹30,434 lakhs in FY22. This filing is a corrected version of an earlier disclosure dated July 8, 2025, with typographical errors fixed in the annexures. The deal is not a related party transaction.
This acquisition expands Agarwal Industrial's footprint into port-based storage and liquid cargo handling, complementing its existing bitumen and LPG logistics business. The target's revenue (around ₹300+ crore turnover) is meaningful relative to the acquirer and could boost consolidated earnings once the deal closes in September 2025, likely drawing positive interest from investors.