Quality Power Acquires 50% Stake in Sukrut Electric for Rs. 5.24 Cr., Establishing a Joint Venture

Quality Power Electrical Equipments Ltd. has acquired 50% of the equity shares of Sukrut Electric Company Private Limited from its promoters. The transaction is valued at approximately Rs. 5.24 Cr. Post-acquisition, Sukrut has become a joint venture between Quality Power and Yash Highvoltage Limited. The acquisition does not fall under related party transactions and the promoter/promoter group/group companies of Quality Power do not have any interest in Sukrut. Sukrut is primarily in the business of manufacturing electrical equipment, aligning with Quality Power's line of business. The Share Purchase Agreement was entered into on 06th October 2025 and completed on 9th January 2026. The consideration for the acquisition is in the form of cash.