CIAN Agro Industries Acquires Shubhada Tool Industries Through IBC

CIAN Agro Industries & Infrastructure Ltd has acquired M/s. Shubhada Tool Industries Private Limited through the Insolvency and Bankruptcy Code (IBC). The Hon'ble National Company Law Tribunal Mumbai Bench approved the resolution plan on 24th March, 2026. Shubhada Tool Industries Private Limited, incorporated in 2014, is engaged in the manufacturing of Hand-tools such as Spanners, Pliers, Pipe Wrenches and Angle Handles with a plant capacity of 300 MT/ month. The certified copy of the order is awaited and will be submitted to the Stock Exchange upon receipt.