Pet Plastics Ltd Acquires 100% Stake in Penganga Sakhar Karkhana

Pet Plastics Ltd has successfully acquired the remaining 0.00133% equity share capital of Penganga Sakhar Karkhana Private Limited, thereby achieving 100% ownership. This strategic acquisition, completed for a cash consideration of ₹240, transforms Penganga Sakhar Karkhana into a wholly-owned subsidiary of Bharatam Ventures Limited. The move is aimed at diversifying Pet Plastics Ltd's business portfolio into the sugar and allied agro-processing sector, anticipating long-term business opportunities and operational synergies. The acquisition involved a related party transaction for one equity share from a promoter and managing director, but is not considered material. Penganga Sakhar Karkhana operates in the sugar manufacturing and allied agro-processing industry, with reported turnovers in FY26 of ₹8,352.89 Lakhs.