Acquisition of 100% equity shares of M/s. Terex Industries Private Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Malpani Pipes and Fittings Limited's board has approved the acquisition of 100% equity shares of Terex Industries Private Limited for Rs. 395.70 lakh (Rs. 13.19 per share based on a registered valuer's report). Terex Industries, incorporated in 2004, is engaged in manufacturing and trading of plastic products, pipes, fittings, and agricultural commodities, with FY 2025-26 turnover of Rs. 2,142.16 lakh. The acquisition price represents a significant premium over face value of Rs. 10 per share. This is a related party transaction as promoters currently hold 100% of Terex. Terex will become a wholly-owned subsidiary of Malpani Pipes, expected to be completed by July 31, 2026. The company also reported strong FY 2025-26 standalone results with revenue of Rs. 16,303.32 lakh (up 15.7% YoY) and net profit of Rs. 902.91 lakh (up 11.9% YoY).
The acquisition aligns with Malpani's core business in polymer and piping and may expand product portfolio and market reach. However, since it's a related party transaction at a premium valuation, minority shareholders should monitor the deal closely. The strong financial results provide a solid base for this expansion.