Jash Engineering Limited has informed the Exchange regarding 'acquisition of 100% stake in Penstocks (UK) Limited, Leicestershire, UK.'.
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Jash Engineering Limited, through its UK subsidiary Waterfront Fluid Controls Limited, has signed a definitive agreement to acquire 100% of Penstocks (UK) Limited, based in Leicestershire, UK, for a cash consideration of £550,000. Penstocks (UK) designs, manufactures, supplies, installs, and commissions penstocks, stop logs, handstops, and valves for the water and wastewater industry, with over 40 years of design experience. Post-acquisition, Penstocks (UK) will become a step-down subsidiary of Jash Engineering. The deal is expected to complete by 30 June 2026 and is not a related party transaction, done at arm's length. The acquisition will give Jash's UK arm a pan-UK presence, adding operations in Scotland and the Midlands to better serve major UK water utilities.
This is a small, bolt-on acquisition for Jash Engineering that strengthens its UK water and wastewater infrastructure footprint. The £550,000 (roughly ₹6 crore) deal size is modest relative to Jash's scale, so the immediate financial impact is limited, but it expands the company's reach in a strategically important market for its subsidiary Waterfront Fluid Controls.