Syrma SGS to acquire Elcome and Navicom for defence and maritime push

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

SYRMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹810.90

prior close

₹820.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+3.5% vs market

Industrial Products peers, median of 115sector-0.5%+3.9% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Smallcap 250 and 3.9 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.9

10m

+4.2

15m

+1.0

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3-0.1+3.5-0.5+3.9

Next day

+10.4+0.6+9.8-0.3+10.7

+8.6+0.2+8.5-0.9+9.5

+10.2+0.4+9.9-0.8+11.0

+11.6+1.0+10.6-1.4+13.0

+7.7+0.0+7.6-1.6+9.3

+7.4-0.5+7.9-2.7+10.2

15d

-2.0-1.9-0.1-4.9+3.0

-9.6-4.5-5.1-7.7-1.9

-13.6-5.4-8.2-12.6-1.0

+9.6-3.8+13.4-11.1+20.7

UpDownMarket · Nifty Smallcap 250Sector · Industrial Products peers, median of 115Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Syrma SGS Technology will acquire Elcome Integrated Systems in 4 tranches, starting with 60 percent for about INR 235 Crores in cash. Elcome will then fully acquire Navicom Technology. Both targets make defence and maritime equipment with FY25 turnover of INR 155 Crore and INR 52 Crore. Not a related party deal. First tranche expected by 31 January 2026.

Likely market impact

Expands Syrma into defence and maritime equipment. Cash deal of about INR 235 Crores for initial 60 percent stake; full acquisition by end of 2028.