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 H1 FY26 (ended September 30, 2025), along with the auditor's review report. In a separate major decision, the board approved converting its earlier MOU (dated September 11, 2025) into a definitive Share Subscription and Shareholders' Agreement to acquire 76% equity in Senatla EV Products Pvt Ltd. The deal involves buying 50 lakh shares from Senatla EV Products and 3.1 lakh shares from its holding company Senatla Innovative EV Components, totalling a Rs. 5.31 crore investment. This marks a strategic diversification for the sugar company into the electric vehicle components space. Director Mahip Jain has been authorised to sign and execute the agreement.
Shareholders should note a clear strategic pivot from pure sugar business into EV components, with material capital deployment of Rs. 5.31 crore for a controlling 76% stake. The acquisition may be viewed positively if EV growth prospects are credible, but investors should watch for execution risk and how this new vertical performs in upcoming quarters.