Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 for Execution of Partnership Deep for acquisition of 51% stake in Shivam Pipes Industries.
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Manbro Industries Ltd has executed a Partnership Deed to acquire a 51% stake in Shivam Pipes Industries, a partnership firm. With this acquisition, Shivam Pipes Industries will now be classified as a subsidiary of Manbro Industries Ltd. The deed was signed on July 11, 2025, following an earlier communication dated July 10, 2025. The detailed disclosure under SEBI Listing Regulations was already made on July 10, 2025. The acquisition was carried out through a partnership structure rather than a traditional share purchase.
This acquisition expands Manbro Industries' business footprint by adding Shivam Pipes Industries as a subsidiary, which could contribute to consolidated revenues. Shareholders should monitor how this subsidiary integrates and whether it adds value to the company's earnings going forward.