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Awaiting price reaction for this filing.
Danube Industries' Board, meeting on December 11, 2025, provisionally approved acquiring a 51% controlling stake in JCR Fashion Retail Private Limited, making it a subsidiary. JCR Fashion Retail is an Ahmedabad-based company in the retail of personal and household goods business, with FY24-25 turnover of ₹86.27 crore (down from ₹125.38 crore in FY23-24). The deal is expected to be completed within 9 months, with consideration to be cash or share swap as agreed between parties. No regulatory approvals are required, and it is not a related party transaction. The acquisition price will be determined after due diligence and valuation.
This is a strategic diversification move for Danube Industries into the retail sector. Since the target is a private company (not listed), no mandatory open offer is triggered. Shareholders should watch for the final valuation and deal terms, as the target's turnover has declined ~31% year-on-year, which may raise questions about pricing and synergy benefits.