Solar Industries Subsidiary Acquires Sivasakthi for ₹115 Cr

Solar Industries India Ltd announced that its wholly-owned subsidiary, Solar Explochem Limited, has entered into a Share Purchase Agreement to acquire 100% of Sivasakthi Industrial Explosives Private Limited for a total consideration of ₹115.02 crores. Sivasakthi, incorporated in 2008, is engaged in the explosives industry. The acquisition is aimed at business expansion and is expected to be completed within 12 months. The transaction is not a related party transaction, and the promoter/promoter group has no interest in the acquired entity. Sivasakthi reported nil turnover for FY 2025-26, with previous turnovers of ₹34,99,675.00 in FY 2024-25 and ₹1,26,11,375.00 in FY 2023-24.