Announcement under Regulation 30-Acquisition
Price
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BCC Fuba India Ltd has completed the acquisition of a 51% equity stake (51,000 shares) in Iogems Technologies Private Limited (ITPL) on January 23, 2026, for a total cash consideration of INR 5,10,000 at Rs. 10 per share. ITPL operates in the Electronic Manufacturing Services (EMS) segment and was incorporated only on October 23, 2025, with no turnover to date. The acquisition is a non-related party transaction done at arm's length, aimed at forward integrating BCC Fuba's existing Printed Circuit Board (PCB) manufacturing capabilities into the broader EMS value chain. The target has a paid-up capital of just INR 10 lakh and operates solely in India.
While the strategic intent to expand into EMS fits BCC Fuba's PCB manufacturing base, the target is a very new entity with no revenue and the deal size is small (under INR 6 lakh), so material financial impact in the near term is unlikely. Shareholders should watch for further capital infusion or business updates from ITPL that could meaningfully change the subsidiary's contribution to consolidated results.