Intimation of Acquisition of 55% Shareholding of Metafin Technology Private Limited by DC&T Global Private Limited, a wholly owned subsidiary of the Company.
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Belding India's wholly owned subsidiary DC&T Global Private Limited has completed the acquisition of a 55% stake in Metafin Technology Private Limited on March 5, 2026. The deal was done through subscription to 12,223 fresh equity shares at Rs. 1,220 per share, costing Rs. 1.49 crore in cash. Metafin operates in the engineering and industrial equipment space, making products like airport self-check-in kiosks, IT racks, telecom tower racks, and insulated fire doors, with a turnover of Rs. 0.94 crore in FY25 (down from Rs. 1.40 crore in FY23). The acquisition is classified as a related party transaction since both firms share common directors, though it has been done at arm's length. This marks Belding India's push into the engineering and industrial automation industry.
The deal diversifies Belding India into a new industrial vertical through its subsidiary, but the target is very small (sub-Rs. 1 crore turnover) and in declining revenue mode, so financial impact on the listed entity is likely negligible in the near term. Shareholders should watch for further capital infusion or strategic updates given the related-party nature and the company's pivot away from its original foils business.