Hindcon Chemicals to acquire 51% in Vision Speed Works
HINDCON · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.2 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved buying 5,100 shares, or 51% of Vision Speed Works Pvt Ltd, for Rs 51,000 cash and plans to invest up to Rs 2 crore in polymer and resin manufacturing. Completion is targeted within seven days of October 7, 2025. The target reported FY2025 turnover of Rs 3.81 crore, a net loss of Rs 3.77 lakh and negative net worth of Rs 28.50 lakh. The purchase is on market terms, but the companies share a director.
Hindcon gains control and new manufacturing capacity, but the target's losses and negative net worth may add execution and integration risk.