Board approves 79.959% acquisition of Durapuf Insutech Panels
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved buying 79.959% of Durapuf Insutech Panels for Rs 3.91 crore plus stamp duty and charges by subscribing to new shares. DIPPL will become a subsidiary after a share purchase agreement is signed. Incorporated on July 31, 2026, it makes insulated panels and has no turnover. Common directors link the parties; promoter Kaushalkumar Gupta did not vote. For the September quarter, revenue was Rs 49.69 crore and profit Rs 2.62 crore.
Control of DIPPL could add an insulation-products line, but the deal needs Rs 3.91 crore cash and carries completion and related-party risk.