Acquisition of 14.11% equity shares of M/s GHG Reduction Technologies Private Limited, Subsidiary of the Company
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EKI Energy Services' board approved buying the remaining 14.11% stake (1,25,000 shares at ₹48.4 each) in GHG Reduction Technologies Private Limited from Mr. Soumitra Kulkarni for a total of ₹60.5 lakhs. After this purchase, GHG Reduction Technologies will become a 100% wholly owned subsidiary of EKI. GHG is in the business of manufacturing improved cook stoves, biomass products, and carbon capture technologies, with FY25 turnover of about ₹10.14 crore and net worth of ₹12.61 crore. The deal is classified as a related party transaction done at arm's length, requires no regulatory approvals, and is expected to complete by March 31, 2026.
This is a small, incremental acquisition (under ₹1 crore) that consolidates EKI's control over an existing subsidiary rather than expanding into a new business. Shareholders are unlikely to see a meaningful impact on stock price, though it gives EKI full operational and strategic control over GHG going forward.