General Disclosure as to investment by way of acquisition of equity shares of Harekrishna Rubber Industries Private Limited by the Company.
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Resgen Ltd has approved an investment of Rs. 3.75 crore (Rs. 3,74,99,700) to acquire a 23.406% equity stake (35,000 shares) in Harekrishna Rubber Industries Private Limited, a private company incorporated on August 1, 2022. Harekrishna is in the business of mechanical recycling of end-of-life tyres, with unaudited FY25 turnover of Rs. 23.04 crore (up from Rs. 2.73 crore in FY24) and a net worth of about Rs. 96.6 lakh. The deal is a cash transaction, not a related-party deal, and is expected to complete by September 20, 2025. The acquisition does not give Resgen any change in control over Harekrishna and is aligned with the company's broader focus on the circular economy.
This is a small minority investment (under 24%) for Resgen, with no change in control, so it is unlikely to materially move the stock. It signals Resgen's strategic push into tyre/rubber recycling, which could open a new growth vertical if the stake is increased later.