This intimation is in connection with and in revision of the earlier intimation given by the Company on 04th February 2026.
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Hind Aluminium Industries' Board has approved a Business Transfer Agreement to acquire the aluminium grills, doors, and windows business (brand 'Elesar Focchi') from Nirav Commercials Limited as a going concern on a slump sale basis for a lump sum cash consideration of INR 1.25 Crores. Since both companies share common promoters (66.47% in Hind Aluminium, 51.95% in Nirav Commercials), this qualifies as a Material Related Party Transaction and requires shareholder approval via postal ballot. The target undertaking, established in 1997, reported turnover of INR 9.64 Cr (FY25), 10.37 Cr (FY24), and 9.27 Cr (FY23). The deal is expected to close by March 31, 2026, and no regulatory or governmental approvals are required.
This acquisition expands Hind Aluminium's product portfolio into branded aluminium grills, doors, and windows, aligning with its growth strategy. The small deal size relative to the company makes financial risk limited, but the related-party nature and need for shareholder approval introduce some governance scrutiny.