Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we hereby inform that the Board has considered and approved the Acquisition of 99.90% equity shares of K D Infrastructures Pvt. Ltd.
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Manbro Industries Ltd's Board has approved the acquisition of 99.90% equity shares in K D Infrastructures Private Limited for a total cash consideration of ₹9.90 crore, to be invested in one or more tranches during FY 2025-26. K D Infrastructures, incorporated in August 2024, is engaged in manufacturing galvanized steel products, power infrastructure components, solar structures, lighting poles, and fabricated industrial items, but has no revenue history yet. The target has a small paid-up capital of just ₹1 lakh against the ₹9.90 crore being infused, and the funds will be used for repaying existing loans and general corporate purposes. On completion, K D Infrastructures will become a subsidiary of Manbro Industries. Notably, this is a related party transaction as the promoters have an interest in the target company.
This acquisition gives Manbro Industries entry into the fabricated steel and infrastructure components business, but investors should note the target is a newly formed company with no operating track record. The deal being a related party transaction (involving promoter interest) warrants closer scrutiny by shareholders for fairness and valuation.