Quality Power Electrical Equipments Limited has informed the Exchange about the Acquisition of 20,42,754 (50%) Equity shares of Sukrut Electric Company Private Limited
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Quality Power Electrical Equipments has acquired 20,42,754 equity shares (50% stake) in Sukrut Electric Company Private Limited from its promoters for approximately Rs. 5.24 crore in cash. Following the acquisition, Sukrut has become a joint venture between Quality Power (50%) and Yash Highvoltage Limited (50%). Sukrut, incorporated in 1981, is in the same line of business — manufacturing electrical equipment, panels, and accessories — with FY25 turnover of Rs. 27.44 crore, up from Rs. 23.38 crore in FY23. The deal was agreed via a Share Purchase Agreement on 6th October 2025 and completed on 9th January 2026. The transaction is not a related-party deal. Quality Power's Joint Managing Director has been nominated to Sukrut's board.
This acquisition gives Quality Power a 50% JV in a complementary electrical equipment maker with a growing revenue base (~17% revenue growth over two years), expanding its footprint in the same core business. The deal size is relatively small (~Rs. 5.24 crore) and the JV structure shares control with Yash Highvoltage, so the impact on consolidated financials will be modest but adds strategic optionality.