Announced Mon, 31 Aug, 2026 · 17:15 IST
Millworks Tech acquires 67% stake in Vidwan Aeronautics via loan to equity
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.1%1-day move
₹910.00
prior close
₹924.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-0.8-1.4+0.9+8.1+7.9+16.5+13.7+25.0+23.7+34.2+24.2——
Up moveDown movePending
AI summary
Millworks Technologies will acquire 67% stake in Vidwan Aeronautics by converting an outstanding loan of about Rs 2.75 crore into equity at Rs 18.05 per share (15,22,727 shares). No cash outflow involved. Vidwan makes high-precision aerospace engine components with FY26 turnover of Rs 2.02 crore. It will become a subsidiary of Millworks. Deal expected by Sept 30, 2026. Not a related party transaction.
Likely market impact
Adds aerospace engine components subsidiary with no cash outflow; recovery of Rs 2.75 crore loan now linked to subsidiary performance.