Investment Agreement between the Company and M/s VSM Group Aktiebolag
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Singer India's board approved an Investment Agreement with Sweden-based VSM Group Aktiebolag for subscription of 5,65,397 equity shares at Rs. 79.59 per share, aggregating up to about Rs. 4.5 crore (~0.91% post-issue stake) as a non-promoter entity, subject to shareholder approval via postal ballot. The board also took on record Q2 FY26 (ended Sept 30, 2025) results showing revenue from operations of Rs. 13,790 lakhs (up about 30% YoY from Rs. 10,576 lakhs) and profit after tax of Rs. 383 lakhs (up from Rs. 127 lakhs YoY). Separately, the company amended its 2020 trademark license agreements with Singer Sourcing Limited LLC, USA to include manufacturing and outsourcing rights for Zig Zag sewing machines in India under the 'Singer' and 'Merritt' brands, with potential export opportunity to SVP Global. The board also approved a change in registered office to Vasant Kunj, New Delhi effective January 15, 2026, and issued a postal ballot notice seeking member approval.
The VSM Group investment is small in size (0.91% stake) and unlikely to materially shift shareholding dynamics, but signals foreign strategic interest. Strong Q2 revenue growth and the expanded Zig Zag manufacturing license could support future earnings, while the ongoing BIS license matter on Zig Zag imports remains a key risk to watch.