Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the company wishes to inform you that the company has entered into a MOU for proposed acquisition of Business Undertaking, as ....
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Tirth Plastic Limited has signed an MOU with M/s Krishna Plastic Traders (KPT) on June 3, 2026, to acquire and take over KPT's business undertaking, which operates in plastic manufacturing including FIBC jumbo bags, PP/HDPE ropes, mono-filament yarn, and tarpaulins. The acquisition is subject to financial, legal, technical, and commercial due diligence, independent valuation, and approvals from the Board, shareholders, stock exchanges, and other regulators. The consideration structure is not yet finalized and could be a mix of cash, equity shares, preference shares, loan, or a combination. No definitive agreements have been signed yet, and the transaction is not a related-party deal.
For shareholders, this is a potentially positive growth move — if completed, it would expand TPL's manufacturing capacity, product range, and market reach in the industrial plastics segment. However, the deal is still preliminary, so no immediate financial impact; key details like deal value, consideration mix, and post-acquisition financials are yet to be disclosed and could move the stock once announced.