Quality Power Electrical Equipments Ltd Acquires 50% Stake in Sukrut Electric Company Pvt Ltd for Approx. INR 5.22 Crores

Quality Power Electrical Equipments Ltd has executed a Share Purchase Agreement to acquire 50% share capital of Sukrut Electric Company Pvt Ltd. The agreement is not a related party transaction and does not involve any interest from the promoter/promoter group/group companies. The cost of acquisition is approximately INR 5.22 Crores. Sukrut Electric Company Pvt Ltd is in the business of manufacturing electronic equipment and instruments, panels & spares, accessories & fittings thereof. The company's turnover for the last three years is as follows: FY 2025: INR 25.56 Cr. (Provisional), FY 2024: INR 25.60 Cr., and FY 2023: INR 23.38 Cr. The acquisition is expected to be completed within around 3 months, subject to applicable regulations under the FEMA of the Reserve Bank of India.