Shlokka Dyes Acquires Equinox Impex for ₹3.67 Cr

Shlokka Dyes Ltd has approved the acquisition of the business of Equinox Impex (EI) on a slump sale basis for an aggregate cash consideration of ₹3,67,49,248.90. The acquisition includes the business undertaking for ₹2,23,24,031.81 and the trademark for ₹1,44,25,217.09. Equinox Impex, a sole proprietorship of Mr. Vaibhav Pravinchandra Shah, is engaged in manufacturing dyes, chemicals, and colorants for textile, paint, and paper industries, with a turnover of ₹47.01 crores for FY 2025-2026. Notably, Mr. Vaibhav Pravinchandra Shah is the Managing Director of Shlokka Dyes Ltd, making this a related party transaction. However, the transaction is conducted on an arm's length basis and falls within the materiality thresholds, thus not requiring shareholder approval. The acquisition aims for business synergy and is expected to enhance Shlokka Dyes' market presence.