Update on the Proposed Acquisition
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Lakhotia Polyesters (India) Ltd has informed BSE that its proposed acquisition of 100% stake in New Nexus FZ LLC, a Dubai-based entity, is delayed. The original deadline was March 31, 2026, but the company now expects to complete the acquisition by June 30, 2026. The delay is attributed to the prevailing geopolitical situation affecting the receipt of necessary regulatory approvals. The acquisition was first announced on December 12, 2025. This is an extension of timeline, not a cancellation of the deal.
Shareholders should note the deal is still active but delayed by approximately three months. The geopolitical uncertainty introduces execution risk, and the market may react negatively to the extended timeline if the deal was already factored into the stock's valuation.