Belding India Acquires 100% Stake in Evolve IT Solutions for ₹10.75 Cr

Belding India Ltd has acquired a 100% equity stake in Evolve IT Solutions Private Limited for ₹10.75 Crores in cash. This acquisition makes Evolve IT Solutions a wholly-owned subsidiary of Belding India. Evolve IT Solutions specializes in advanced X-ray inspection and security screening technologies, with a strong focus on product design, engineering, and manufacturing. The acquisition is expected to significantly expand Belding's capabilities in advanced manufacturing, industrial electronics, AI-enabled imaging, and security technologies, positioning the company to capitalize on high-growth opportunities in domestic and international markets. The transaction was conducted at arm's length and does not involve related parties.