The Board of Directors of the Company have decided to invest an amout of Rupees 650000 towards acquisition of 65000 equity shares of SHish Advanced Composites Private Limited at an issue ....
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Shish Industries Limited's board approved an investment of Rs. 6.50 lakh to acquire 65,000 equity shares (65% stake) of Shish Advanced Composites Private Limited at Rs. 10 per share, making it a subsidiary. The target company was recently incorporated on August 2, 2024, has nil turnover for FY25, and a negative net worth of Rs. 32.70 lakh. The acquisition is a cash deal expected to be completed by end of June 2025 and is not a related party transaction. Through this move, Shish Industries is entering the advanced composites segment targeting aerospace, defense, electric mobility, automotive, and medical devices sectors. The company believes this will diversify revenue streams and align with Make in India and Atmanirbhar Bharat initiatives.
For shareholders, this is a small-ticket strategic acquisition (just Rs. 6.5 lakh for a 65% stake in a newly-formed, pre-revenue company with negative net worth) that signals diversification intent into high-growth composite materials rather than immediate financial upside. Near-term stock impact may be limited due to the tiny deal size, but the strategic positioning into EVs, aerospace, and defense could matter for long-term growth narrative.