Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board has considered and approved the Acquisition of equity shares of Gotriply Travel Services Private Limited.
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Awaiting price reaction for this filing.
On 3rd September 2025, Manbro Industries' board approved acquiring up to 90% equity in Gotripily Travel Services Private Limited for a total cash consideration of ₹15 crores, to be funded through subscription of equity shares in one or more tranches during FY 2025-26. Gotripily operates in the construction material manufacturing space with a focus on eco-friendly Autoclaved Aerated Concrete (AAC) blocks, and holds a 75% stake in BR Metallics Private Limited which sells AAC products under the 'Green Block' brand. The transaction is a related party deal, with the promoters of Manbro having shareholding interest in the target. Post-acquisition, Gotripily will become a subsidiary of Manbro. Notably, Gotripily was incorporated in November 2023 and has reported nil turnover over the last three years, meaning Manbro is acquiring a relatively new, pre-revenue entity.
This is a backward integration-type move into AAC block manufacturing, but the target has zero revenue history so execution risk is high. Shareholders should watch how the ₹15 crore fund infusion translates into actual business growth, and whether the related-party nature of the deal raises any governance concerns.