In just concluded Meeting of the Board of Directors of the Company, the Board has considered and approved: 1. Un-Audited (Standalone and Consolidated) Financial Statement for the 2nd Quarter and Half Year Ended September 30, 2025 (annexed herewith).2. Auditors Review Report from the Statutory Auditors on Un-Audited (Standalone and Consolidated) Financial Statements for the 2nd Quarter and Half Year Ended September 30, 2025 (annexed herewith).3 The MOU dated 11.09.2025 signed by the company with Senatla EV Products Pvt Ltd., and it's Holding Company M/s Senatla Innovative EV components Private Limited & their Promoters, has been converted into Share Subscription and Shareholders' Agreement to enable the Company to acquire 50,00,000 equity shares of face value of Rs. 10 each from Senatla EV Products Pvt Ltd and 3,10,000 equity shares of face value of Rs.10, each from the Holding Company Senatla EV components Private Ltd aggregating an investment of Rs. 5,31,00,000 equivalent to 76% of the total equity share capital of Senatla EV products Private Limited.The draft of the said Agreement was tabled before the Board and the Board has accorded its approval to the Company to sign and execute the Agreement and comply with the payment terms for acquisition of 76% equity in the Company.The Board has also authorised Mr. Mahip Jain, Director of the Company to sign and execute, on behalf of the Company, the Agreement and to do other acts and deeds as may be required in this regard.We hereby inform you that the Board Meeting had commenced at 02:00 PM and concluded at 04:30 PM, for your information.This intimation is also being uploaded on the company website: www.prudentialsugar.comWe request you to take the above information on record and acknowledge receipt of the same
PRUDMOULI · price
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Prudential Sugar Corporation's board approved its unaudited standalone and consolidated financial results for Q2 and half-year ended September 30, 2025, along with the auditors' review report. Separately, the board approved signing a Share Subscription and Shareholders' Agreement to acquire a 76% stake in Senatla EV Products Pvt Ltd for a total investment of Rs. 5.31 crore. The acquisition involves buying 50 lakh equity shares of Senatla EV Products and 3.1 lakh shares of its holding company Senatla Innovative EV Components, both at Rs. 10 face value. Director Mahip Jain has been authorised to sign and execute the agreement. The move signals Prudential Sugar's entry into the electric vehicle components space, a significant diversification from its core sugar business. The earlier MOU dated September 11, 2025 has now been formalised into a definitive agreement.
For shareholders, this is a major diversification move into the EV sector, though the Rs. 5.31 crore investment size suggests a small initial bet that could be scaled up later. The stock may see short-term interest from the EV theme, but execution risk remains since this is a new business vertical for the company.