Quality Power Electrical Equipments Limited has informed the Exchange regarding a press release dated July 09, 2025, titled "Press Release dated 9th July 2025 in connection with the execution of Binding Term Sheet for acquisition of 100% stake in Sukrut Electric Company Private Limited jointly with Yash Highvoltage Limited (50% each)".
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Quality Power Electrical Equipments Ltd and Yash Highvoltage Ltd have jointly signed a Binding Term Sheet to acquire 100% stake in Sukrut Electric Company Pvt Ltd (SECPL), a Pune-based transformer component manufacturer with over 60 years of history. The two listed companies will split the acquisition equally (50% each), buying out the existing German multinational promoter. Sukrut Electric is a key component supplier to nearly all major transformer manufacturers in India and has a global footprint. The transaction is expected to close within the next two quarters, subject to due diligence, legal review, and execution of definitive agreements. Full disclosure details under SEBI Regulation 30 will be filed once the final agreements are signed.
This acquisition strengthens Quality Power's position in the high-voltage transformer components space by adding a legacy brand with deep relationships across global transformer OEMs. If executed successfully, it could expand the company's product portfolio and international reach, though key risks remain given that only a binding term sheet has been signed so far and definitive agreements are still pending.