Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimation is hereby given regarding the proposed acquisition of the undertaking ....
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Hind Aluminium Industries has approved the acquisition of the Aluminium business of Nirav Commercials Limited, which operates under the brand name 'Elesar Focchi' and makes aluminium grills, doors, and windows. The deal is structured as a Slump Sale (going concern) for a cash consideration of Rs 1.25 Crores, with completion expected by March 31, 2026. The target business posted a turnover of Rs 9.72 Crores in FY25, Rs 10.52 Crores in FY24, and Rs 9.62 Crores in FY23. The acquisition qualifies as a related party transaction since the sellers are part of the promoter/promoter group, and is being done on an arm's length basis. No government or regulatory approvals are required.
The acquisition adds a branded aluminium products vertical (doors, windows, grills) in line with the company's growth strategy, but the related-party nature and small deal size (Rs 1.25 Cr) limit its near-term financial impact. Investors should note the related-party classification, though it is conducted at arm's length.