Acquisition Details

The Company has successfully completed the acquisition of 99.9987% of the paid-up equity share capital of Penganga Sakhar Karkhana Private Limited (Target Company). The acquisition was completed in accordance with the terms of the Share Purchase Agreement upon fulfilment of all contractual obligations and customary closing conditions.

Transaction Structure

  • Acquisition of 1,49,998 Equity Shares at ₹120 per Equity Share
  • Total consideration: ₹1,79,99,760 (Rupees One Crore Seventy-Nine Lakhs Ninety-Nine Thousand Seven Hundred Sixty Only)
  • Percentage of shareholding acquired: 99.9987% of paid-up equity share capital
  • Nature of consideration: Cash consideration in accordance with Share Purchase Agreement

Corporate Structure Impact

Penganga Sakhar Karkhana Private Limited has become a Subsidiary of Bharatam Ventures Limited with effect from the date of completion of the acquisition.

Regulatory and Compliance Status

  • The acquisition does not fall within the ambit of Related Party Transactions
  • No promoter/promoter group/group companies have any interest in the Target Company
  • Transaction completed on an arm's length basis
  • No further governmental or regulatory approvals are pending, except post-closing statutory compliances if applicable

Strategic Rationale

The acquisition represents a strategic investment for diversification of the Company's business portfolio into the sugar and allied agro-processing sector. It is expected to provide long-term business opportunities, operational synergies and strengthen the Company's presence in the sector.

Target Company Background

Penganga Sakhar Karkhana Private Limited is engaged in sugar manufacturing and allied agro processing activities in India. The company primarily operates in India.

Financial Performance of Target Company

Turnover details:

  • FY 2025-26: ₹8,352.89 Lakhs
  • FY 2024-25: ₹3,368.57 Lakhs
  • FY 2023-24: ₹1,404 Lakhs

Confirmation

The Company confirms that the acquisition has been completed in accordance with the Share Purchase Agreement executed between the parties. There has been no material modification in the terms and conditions of the transaction as disclosed earlier.