Chiraharit Ltd Acquires 4.8 Lakh Shares in Subsidiary MPPL

Chiraharit Limited has been allotted 4,80,000 equity shares of face value Rs. 10 each in its subsidiary, Malaxmi Polymers Private Limited (MPPL), through a Rights Issue. This acquisition, for a cash consideration of ₹48,00,000, increases Chiraharit's total shareholding in MPPL to 18,00,000 equity shares, representing 72% of the total shareholding. MPPL is involved in manufacturing plastic and polymer products (HDPE/PVC Pipes) and reported a turnover of ₹7,35,87,172 for FY26. The transaction is considered a related party transaction but is conducted on an arm's length basis.