Acquisitions29 May 2026, 01:13 am
524046 Acquires 99.9987% Stake in Penganga Sakhar Karkhana
AI Summary
Bharatam Ventures Limited (524046) announced the outcome of its board meeting held on May 28, 2026. The board approved the acquisition of a 99.9987% equity stake in M/s. Penganga Sakhar Karkhana Private Limited. Additionally, the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with the statutory auditors issuing an unmodified opinion. The board also appointed CA Rushikesh A Kakade as the internal auditor for FY 2026-27 and Mr. Rahul Chandratre as an Additional Non-Executive Director, subject to shareholder approval.
Key Highlights
- Board approved acquisition of 99.9987% equity in Penganga Sakhar Karkhana.
- Audited Q4 and FY26 financial results were approved.
- Statutory Auditors issued an unmodified opinion on financial results.
- CA Rushikesh A Kakade appointed as internal auditor for FY2026-27.
- Mr. Rahul Chandratre appointed as Additional Non-Executive Director.
Price Impact
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