Focus Lighting and Fixtures Limited has informed the Exchange regarding a press release dated April 05, 2025, titled "Focus Lighting & Fixtures Increases Stake to 100% in Xandos Lighting and Fixtures Private Limited".
FOCUS · price
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Awaiting price reaction for this filing.
Focus Lighting and Fixtures Limited (NSE: FOCUS) has bought the remaining 49% stake in Xandos Lighting and Fixtures Private Limited, taking its ownership to 100% and converting Xandos into a wholly-owned subsidiary. The deal involved purchasing 4,900 equity shares (4.90 thousand) at a face value of ₹10 each, settled entirely in cash. Xandos, incorporated in June 2022, operates in the same LED lighting and fixtures space as Focus. The company says the acquisition will help strengthen its operational base, broaden its product portfolio, and improve its ability to serve customers. For reference, Focus reported FY24 revenues of ₹230 crore, EBITDA of ₹53 crore, and net profit of ₹39 crore, with its manufacturing base in Sanad, Gujarat.
The move gives Focus full control over Xandos, enabling smoother integration and potential cost and operational synergies, which is mildly positive for shareholders. However, the size of the transaction is very small relative to Focus's overall business, so any immediate stock price impact is likely to be limited.