Belrise Industries Acquires Aerospace Equipment in Liquidation Process for Euro 350,000

Belrise Industries Limited has acquired certain aerospace-related equipment for a total consideration of Euro 350,000 through its subsidiaries. The acquisition was carried out pursuant to an Order of Private Sale on January 21, 2026, passed by the Commercial Court of Arras, France, in accordance with the provisions of Article L.642-19 of the French Commercial Code. This transaction will enable the company to expand into the domain of aerospace and defence by immediately partnering with existing aerospace OEMs and Tier-1 suppliers in Europe. The transaction does not fall within the related party transactions and has been undertaken in the ordinary course of business of the subsidiary.