We wish to inform you the outcome of the Board Meeting of the Company held today, i.e., Monday, the 15th Day of September, 2025.
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Awaiting price reaction for this filing.
Spinaroo Commercial's board approved an investment of up to Rs. 2 crore in its sister company Spino Poly Products Private Limited at Rs. 65 per share, acquiring up to 15% stake. Spino Poly Products manufactures paper disposables and plastic containers, with FY25 turnover of about Rs. 13 crore (declining from Rs. 24.3 crore in FY23) and a thin net profit of Rs. 7.1 lakh. The deal is a cash transaction, classified as a related party transaction done at arm's length, expected to complete within one month. The target operates 23 injection moulding machines and has a factory near Bagnan on the Kolkata-Bombay highway.
This is a small (Rs. 2 crore) minority investment in a related private company with declining revenues, so direct impact on Spinaroo's shareholders is limited. Shareholders should watch whether this signals a broader strategic shift into packaging or whether it remains a routine promoter-group capital infusion.