Disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015- Purchase of shares of the company.
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Rudra Gas Enterprise Ltd has entered into a Share Purchase Agreement to acquire 71% stake in DS Pipeline Projects Limited (DSPL) for INR 18.38 crore. The company will purchase 87,53,730 fully paid-up equity shares of DSPL representing 71% of the aggregate paid-up share capital on a fully diluted basis. DSPL operates in the gas pipeline sector, focusing on laying high-pressure steel gas pipelines, MDPE pipelines, and PNG connections. The acquisition is not a related party transaction and is intended to diversify and inorganically expand the company's existing business operations. The deal is expected to close by 2nd May, 2026, subject to customary conditions and regulatory approvals.
This acquisition represents Rudra Gas Enterprise's strategic expansion into the gas pipeline infrastructure sector, potentially adding revenue of approximately INR 84.85 crore (based on DSPL's FY 2024-25 turnover) to the company's consolidated financials.