Considered and approved the business attached in the outcome.
Price
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Awaiting price reaction for this filing.
The Board of Hind Aluminium Industries approved a Business Transfer Agreement to acquire the aluminium grills, doors and windows business of Nirav Commercials Limited (brand 'Elesar Focchi') on a slump sale basis as a going concern. The deal is a material related party transaction since the seller belongs to the promoter group, and will be done at arm's length. Consideration is Rs 1.25 Crore in cash. The target business posted turnover of Rs 9.72 Crore in FY25, Rs 10.52 Crore in FY24, and Rs 9.62 Crore in FY23. Shareholder approval will be sought via postal ballot, with completion targeted by March 31, 2026.
Strategically expands Hind Aluminium's product portfolio into finished aluminium doors, windows and grills under a known brand. However, the deal size is very small (Rs 1.25 Crore vs target revenue of nearly Rs 10 Crore) and is a related-party transaction, so retail investors should watch the postal ballot outcome and the final terms closely for any governance or valuation concerns.