With reference to our earlier intimation dated 16th January, 2025, we hereby inform you that the Company has completed the acquisition of 100% stake in Bimal Switchgear Private Limited.
Awaiting price reaction for this filing.
Integra Switchgear Ltd has completed the acquisition of 100% stake in Bimal Switchgear Private Limited on 4th February 2026. The company bought 54,020 equity shares at Rs. 128 per share for a total cash consideration of Rs. 69.15 lakhs, based on an independent valuation report. Bimal Switchgear, incorporated in 1989 and based in Vadodara, Gujarat, operates in electrical equipment manufacturing but has reported nil turnover for the last three financial years, with a net worth of just Rs. 20.54 lakhs. The acquisition was classified as a related-party transaction done at arm's length, and Bimal will become a wholly-owned subsidiary of Integra, with consolidation starting from the quarter ended 31st December 2025.
This is a small, strategic bolt-on acquisition with limited immediate financial impact given the target's zero revenue and modest net worth. Shareholders should note this is a related-party deal aimed at expanding Integra's electrical equipment manufacturing base, but near-term earnings contribution is likely negligible until the subsidiary begins operating meaningfully.