Tipco Engineering Acquires 50% Stakes in Two Firms

Tipco Engineering India Ltd has approved the acquisition of 50% stakes in Ranks Precision Private Limited and M/s Hanutech Engineering Solutions. The acquisition of Ranks Precision, which had a turnover of ₹11.11 crore in FY26, involves acquiring 10,000 equity shares for ₹1.31 crore, making it an associate of Tipco. This acquisition is considered a related party transaction as it is from the company's promoter. The acquisition of Hanutech Engineering Solutions involves acquiring a 50% partnership interest. These moves aim to expand manufacturing capabilities, achieve supply chain synergies, and enhance operational efficiency.