Sale13 Feb 2026, 06:05 pm
Nirav Commercials Ltd. Approves Sale of Aluminium Grills, Doors, and Windows Business to Hind Aluminium Industries Ltd.
AI Summary
Nirav Commercials Ltd. has approved the sale of its business of manufacturing and selling of aluminium grills, doors and windows under the brand name ‘Elesar Focchi’ to Hind Aluminium Industries Ltd. The sale is expected to be completed by March 31, 2026, subject to shareholder approval. The Undertaking contributed INR 9.64 crores to the total revenue and INR 2.11 crores to the net worth of the company in the last financial year. The cash consideration for the sale is INR 1.25 Crores. Hind Aluminium Industries Ltd. is a group company with common promoter/promoter group.
Key Highlights
- Nirav Commercials Ltd. approves sale of its aluminium grills, doors, and windows business.
- The sale is expected to be completed by March 31, 2026, subject to shareholder approval.
- The Undertaking contributed INR 9.64 crores to the total revenue and INR 2.11 crores to the net worth of the company in the last financial year.
- The cash consideration for the sale is INR 1.25 Crores.
- Hind Aluminium Industries Ltd., the buyer, is a group company with common promoter/promoter group.