Reply for BSE email dated 3rd September, 2025 regarding our intimation letter dated 20th March, 2024 with respect to propsed acquisition of Resgen Protech Private Limited ("Target Company")
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Resgen Ltd informed BSE that its proposed acquisition of Resgen Protech Private Limited (announced in March 2024) could not be completed because certain regulatory approvals could not be obtained in the name of the target company within the planned timelines. Instead of buying the company outright, Resgen acquired only the specific assets related to the Tyre Pyrolysis Business from the target. The Tyre Pyrolysis business is now being run directly by Resgen using Advanced Batch Automated/Continuous Process technology with zero emission and zero discharge. This update was filed in response to a BSE query regarding the long-pending original intimation from March 20, 2024.
The original company-level acquisition deal has effectively fallen through, which removes earlier expectations of consolidation under the target entity. However, by buying the assets instead, Resgen retains access to the Tyre Pyrolysis technology and business, which is the core strategic objective, though the route to growth is now organic rather than via acquisition of a separate entity.