StockWatch
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Iron & Steel Products
Acquisitions4 Nov 2026, 01:33 pm

Bansal Roofing Acquires 79.96% Stake in Durapuf Insutech Panels

AI Summary

Bansal Roofing Products Ltd. announced the approval of its Board of Directors for the acquisition of 79.959% of the equity share capital of Durapuf Insutech Panels Private Limited ('DIPPL') through a subscription to fresh equity shares. This strategic move will make DIPPL a subsidiary of Bansal Roofing upon completion. The company also disclosed its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. Revenue from operations for the quarter stood at ₹4,968.76 Lakhs, a significant increase from ₹3,408.56 Lakhs in the same period last year. For the half-year, revenue was ₹9,557.80 Lakhs, up from ₹7,028.23 Lakhs in the prior year.

Key Highlights

  • Bansal Roofing to acquire a controlling stake in Durapuf Insutech Panels.
  • Acquisition will result in Durapuf Insutech Panels becoming a subsidiary.
  • Quarterly revenue increased to ₹4,968.76 Lakhs (₹49.69 Crore).
  • Half-yearly revenue rose to ₹9,557.80 Lakhs (₹95.58 Crore).
  • Board meeting also approved unaudited financial results.