Aastha Spintex Limited has completed the acquisition of 100% equity share capital of Falcon Yarns Private Limited (FYPL) as per the Share Purchase Agreement dated September 22, 2025 mentioned in the company's Prospectus dated July 01, 2026. Falcon Yarns has now become a wholly-owned subsidiary of Aastha Spintex Limited.
The acquisition involved the transfer of entire equity shareholding and controlling interest of Falcon Yarns to Aastha Spintex. The aggregate cash consideration for the acquisition was ₹13,151 lakhs for 3,94,53,600 equity shares, representing 100% shareholding.
Falcon Yarns Private Limited is engaged in textile manufacturing and finishing, specifically manufacturing hosiery combed cotton yarn and cotton products. The company was incorporated on June 30, 2015, and operates in India. The turnover for the last three financial years was:
- 2025-26: ₹22,546.65 lakhs
- 2024-25: ₹24,944.39 lakhs
- 2023-24: ₹22,035.14 lakhs
The acquisition does not qualify as a related party transaction, and no promoter/promoter group/group companies have any interest in Falcon Yarns. No governmental or regulatory approvals were required for this acquisition.
The stated objects and impact of the acquisition include business growth and expansion, complementing product offerings, strengthening presence in domestic and international markets, and providing synergy to existing businesses. The acquisition framework focused on strategic criteria including domain expertise, industry compatibility, market presence, new capabilities, and technology infrastructure. The acquisition is expected to significantly enhance production capacity, broaden customer base, strengthen order book, drive revenue growth, and improve operational efficiency.
Additionally, at the Board of Directors meeting held on November 7th, 2026, the Board recommended the appointment of Mr. Shyamsunder Kiranbhai Panchal as an Independent Director on the Board of Falcon Yarns Private Limited.
The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.