CIAN has acquired M/s. Shubhada Tool Industries Private Limited through IBC. Hon''ble National Company Law Tribunal Mumbai Bench has pronounced the order on 24th March, 2026 for approval ....
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CIAN Agro Industries & Infrastructure Ltd has successfully acquired M/s. Shubhada Tool Industries Private Limited through the Insolvency and Bankruptcy Code (IBC) route. The NCLT Mumbai Bench approved CIAN's Resolution Plan on March 24, 2026. Shubhada Tool Industries, incorporated in 2014, manufactures hand-tools such as spanners, pliers, pipe wrenches, and angle handles, with a plant capacity of 300 MT per month. This marks CIAN's entry into the hand-tools manufacturing segment. The certified copy of the NCLT order is awaited and will be submitted to the stock exchange once received.
This acquisition diversifies CIAN's portfolio into the hand-tools manufacturing business, adding a new revenue stream beyond its existing agro and infrastructure operations. For shareholders, this could be a positive growth signal as it expands the company's business footprint, though the financial terms and integration plans are yet to be disclosed.