Acquisitions13 Feb 2026, 06:13 pm
Hind Aluminium Industries Ltd. Approves Acquisition of Aluminium Grills, Doors, and Windows Business from Nirav Commercials Ltd.
AI Summary
Hind Aluminium Industries Ltd. has approved the acquisition of the business of manufacturing and selling of aluminium grills, doors and windows under the brand name ‘Elesar Focchi’ of Nirav Commercials Limited, a related party, on a slump sale basis, subject to shareholder approval. This transaction is a Material Related Party Transaction and is expected to be completed by March 31, 2026. The cash consideration for the acquisition is INR 1.25 Crores. Nirav Commercials Limited was established in 1997 and has reported a turnover of INR 9.64 Crores, INR 10.37 Crores, and INR 9.27 Crores for the last three financial years respectively.
Key Highlights
- Hind Aluminium Industries Ltd. has approved the acquisition of the business of manufacturing and selling of aluminium grills, doors and windows under the brand name ‘Elesar Focchi’ of Nirav Commercials Limited.
- The transaction is a Material Related Party Transaction and is expected to be completed by March 31, 2026.
- The cash consideration for the acquisition is INR 1.25 Crores.
- Nirav Commercials Limited was established in 1997 and has reported a turnover of INR 9.64 Crores, INR 10.37 Crores, and INR 9.27 Crores for the last three financial years respectively.