Bharati Defence Board Approves Amalgamation Scheme
Bharati Defence and Infrastructure Ltd (BDIL) announced that its Board of Directors, at a meeting held on June 17, 2026, approved the Scheme of Amalgamation of Exicom Technologies India Private Limited (ETPL) and Hind Simulation Training Private Limited (HSTPL) with BDIL. The amalgamation aims to achieve a wider range of products and services, geographical diversification, enhanced operational and financial efficiencies, and cost savings through pooled resources. While the companies are related parties, the transaction is deemed to be at arm's length, based on an independent valuation report and a fairness opinion from a SEBI registered merchant banker. ETPL reported total assets of ₹80.93 Cr and turnover of ₹60.57 Cr, while BDIL had total assets of ₹36.64 Cr and turnover of ₹28.91 Cr. HSTPL had total assets of ₹13.83 Cr.
Key Highlights
- Board approved amalgamation of Exicom Technologies and Hind Simulation with BDIL.
- The merger aims for wider product range, efficiency, and cost savings.
- Transaction is at arm's length, supported by independent valuation.
- Exicom Technologies reported ₹60.57 Cr turnover; BDIL ₹28.91 Cr.
- Combined entity to benefit from diversified defense and electronics businesses.
Price Impact
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