Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hindustan Adhesives Ltd's Board, in a meeting on 9th May 2025, approved increasing its investment in PT. Bagla Group Indonesia from 51% to 99.99%, converting it into a wholly owned subsidiary. The Indonesian entity operates in the processing industry and wholesale/retail trade, with a share capital of 10 billion rupiah. The acquisition is being done through cash subscription of 9.99 billion rupiah (for 9,999 shares) and no government approvals are required. The move is aimed at expanding operations, strengthening supply chain, and enhancing production and distribution in Indonesia, aligned with the businesses of Hindustan Adhesives and its group company Bagla Polifilms. Turnover details are not applicable since the Indonesian entity is a newly incorporated subsidiary.
This strengthens Hindustan Adhesives' control over its Indonesian subsidiary, giving it full operational flexibility to expand manufacturing and trade presence in Indonesia. For shareholders, this signals international growth intent and tighter consolidation of overseas assets, though financial impact is not yet quantifiable as revenue details are unavailable.