Board approves acquisition of 2 electronics firms via Rs.79.45 cr share swap
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved acquiring 100% of Blisstering Electronics (FY26 turnover Rs.164.7 cr, FY25 Rs.135.6 cr) and Bliss Cab Electronics via share swap. Will issue up to 5.67 crore shares at Rs.14 each, totalling about Rs.79.45 crore, to 68 incoming investors. Authorised capital increased from Rs.7.5 cr to Rs.64 cr. Two independent directors, the statutory auditor (citing low audit fees) and secretarial auditor resigned; new statutory auditor Grover Lalla & Mehta and independent director Atul Chauhan appointed.
Major pivot from infrastructure to electronics and cables business. About 90% equity dilution from share swap; existing holders stake falls to roughly 10%.