Pursuant to Regulation30 of SEBI(LODR) Regulations, 2015, we wish to update that the Company has successfully completed the acquisition of 50% equity shareholding in SAA & Suditi Retail ....
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Suditi Industries Ltd has completed the acquisition of an additional 50% equity stake in SAA & Suditi Retail Private Limited for a cash consideration of Rs. 5,000. The company already held 50% in the target, so this transaction takes its total holding to 100%, making SAA & Suditi Retail a wholly-owned subsidiary. The target operates in textile garments and clothing accessories, the same line of business as Suditi. The target's turnover was nil in FY25, Rs. 50.28 lakh in FY24, and Rs. 24.43 lakh in FY23. The deal was done at arm's length basis, with shares purchased from Project Anushka Sharma Lifestyles Private Limited based on an independent valuation.
The consolidation gives Suditi full operational control and managerial efficiency over a related textile business, but the very small acquisition cost and the target's negligible turnover suggest limited immediate financial impact on the listed entity.