Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Signing of Share Purchase Agreement
BELRISE · price
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Belrise Industries, through its step-down wholly owned subsidiary Belrise UK Holdings Limited, has signed a Share Purchase Agreement to acquire 100% of Chester Hall Precision Engineering Holdings Limited, a UK-based precision engineering company. The target operates in the aerospace, aviation, space and defence sectors with a turnover of GBP 19.95 million in FY2024, showing steady growth from GBP 15.29 million in FY2022. The deal is valued at GBP 13.2 million in cash, with possible deferred and earn-out components based on performance targets. The transaction is not a related-party deal, requires no regulatory approvals, and is expected to close within 20 business days. This marks Belrise's strategic move to enter the global aerospace and defence supply chain.
This acquisition signals Belrise Industries' entry into the high-value aerospace and defence sector, diversifying beyond its current portfolio. For shareholders, this is a strategic expansion into a growing global vertical, though the deal size is relatively small (GBP 13.2 million). Short-term stock impact may be limited, but long-term growth potential depends on execution and integration of the UK business.