Announcement under Regulation 30-Acquisition
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BCC Fuba India Limited has completed the acquisition of a 51% stake (51,000 equity shares) in Iogems Technologies Private Limited (ITPL) on January 23, 2026, for a cash consideration of INR 5,10,000 paid via cheque. ITPL is a newly incorporated company (October 23, 2025) operating in the Electronic Manufacturing Services (EMS) segment with an authorised capital of INR 1 crore and paid-up capital of INR 10 lakhs, and currently has no turnover. The acquisition is classified as a non-related-party transaction and is aimed at forward integration into EMS, leveraging BCC Fuba's existing expertise in Printed Circuit Board (PCB) manufacturing to expand its value chain and market presence. No additional regulatory approvals were required for this deal.
For shareholders, this is a small, early-stage acquisition (cost of just INR 5.10 lakh) into a newly formed company with no revenue, so the immediate financial impact is negligible. However, it signals management's intent to expand beyond core PCB manufacturing into the broader EMS value chain, which could be a long-term growth lever if the new venture scales up.