Polyplex Corporation Limited has informed the Exchange about Acquisition

Polyplex Corporation has signed agreements on March 25, 2026 to acquire a 51% stake in TechNova Printrite Products Private Limited for a cash consideration of about INR 6,210 lakh, valuing 100% of the company at INR 12,721 lakh. TechNova Printrite was recently carved out of TechNova Imaging Systems via an NCLT scheme and runs a Digital Print Media (DPM) business, making polyester, paper, and textile-based substrates with turnover of around INR 20,000-22,000 lakh in each of the last three years. The acquisition is aimed at creating manufacturing and marketing synergies with Polyplex's existing Saraprint division and strengthening its value-added product portfolio for digital print applications. The deal is expected to close within three months, with the remaining 49% to be held by the Continuing Sellers, who have put/call options exercisable between years 3 and 5.