GSP Crop Science Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2026.
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GSP Crop Science's board approved acquiring the remaining 21% stake (31,50,000 shares) in GSP Intermediates Private Limited (GIPL) from Mr. Rakeshkumar V. Shah for Rs. 3.15 crore at Rs. 10 per share. GIPL, incorporated in August 2022, is engaged in agrochemical intermediates manufacturing and became commercially operational in FY 2024-25 with turnover of Rs. 122.01 lakh. The transaction is classified as a related party transaction but has been conducted at arm's length based on a registered valuer's report. No regulatory approvals are required and completion is expected within 4 months.
GIPL will become a wholly-owned subsidiary, giving GSP complete strategic and financial control over its manufacturing operations in the agrochemical segment. This simplifies the group structure and may improve operational integration, but the Rs. 3.15 crore cash outflow is relatively modest relative to the company's scale.