SEMAC CONSULTANTS LIMITED has informed the Exchange regarding Outcome of Board Meeting held on Jun 26, 2025. for acquisition of Equity Shares
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The board of Semac Construction Limited has approved the acquisition of 5,000 equity shares (50%) of Semac Construction Technologies India Private Limited from existing shareholders Mr. Abhishek Dalmia (Managing Director) and Mrs. Deepali Dalmia (Director) for a total cash consideration of Rs. 50,000. Post-acquisition, Semac Construction Technologies India will become a 100% wholly-owned subsidiary of the listed company. The target entity operates in the Design and Project Management Consultancy space and reported a total income of Rs. 69.68 lakhs in FY25 (up from Rs. 2.81 lakhs in FY24 but down from Rs. 97.29 lakhs in FY23). The transaction is a related party deal (shares purchased from directors) and will be carried out at arm's length, with completion expected within 5 days.
This is a small-value consolidation step (Rs. 50,000) that gives the company full ownership of its existing subsidiary, with negligible financial impact on shareholders. However, the related-party nature (buying from two directors) is worth noting for governance purposes, even though the deal is stated to be at arm's length.