Jayant Agro Organics Limited has informed the Exchange about General Updates
JAYAGROGN · price
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Jayant Agro Organics Limited has completed the acquisition of Vithal Castor Polyols Private Limited (VCPL), making it a subsidiary. The company acquired 40% of equity share capital and 80% of preference share capital of VCPL for Rs. 25.37 crore in cash. VCPL is engaged in manufacturing Bio Polyols and was incorporated in August 2013. VCPL's turnover for FY 2024-25 was Rs. 4,430.43 lakh. The acquisition is expected to enhance operational synergies, enable more focused operations, and create a more streamlined ownership structure. The transaction is not a related party transaction.
This acquisition strengthens Jayant Agro's position in the chemicals sector and adds Bio Polyols manufacturing capabilities. The deal is now complete, and VCPL will be consolidated as a subsidiary, which could positively impact the company's consolidated revenues going forward.