Resgen Ltd to Acquire 23.406% Stake in Harekrishna Rubber Industries for Rs. 3,74,99,700

Resgen Ltd, formerly known as Eco Janitors Pvt. Ltd., has approved an investment of Rs. 3,74,99,700 to acquire 23.406% equity stake in Harekrishna Rubber Industries Private Limited. Harekrishna is a private company engaged in the mechanical recycling of end-of-life tyres, incorporated on August 01, 2022. The last three years' turnover of Harekrishna is 23.04 crores (unaudited for 2024-25), 2.73 crores (audited for 2023-24), and 0.00 crores (audited for 2022-23). The net worth of Harekrishna is 96,63,887. The acquisition does not fall under related party transactions and does not result in any change in the control or management of Harekrishna.