Sangam (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 07, 2025.
SANGAMIND · price
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Sangam (India)'s board, which met on August 7, 2025, approved two key items. First, the purchase of a Recycle Polyester Staple Fibre Manufacturing Unit from Eminent Dealers Private Limited at Lambia Kalan, Bhilwara (Rajasthan), including land, building, plant and machinery. The unit has an installed capacity of 45 tonnes per day (about 16,020 MT annually), which is expected to meet roughly 50% of the company's daily polyester fibre requirement and deliver projected annual savings of around Rs 11 crore. Second, the board appointed Protiviti India Member Private Limited as Internal Auditor for the financial year 2025-26, replacing the previous auditor.
The acquisition strengthens Sangam's backward integration, secures recycled raw material supply, supports cost savings and ESG goals, and aligns the company with global buyers (H&M, Zara, Nike) demanding recycled content. This is a positive medium-term move for shareholders, though short-term stock reaction will depend on the final purchase consideration and execution timelines.