Transaction Details

Bharatam Ventures Limited acquired 2 equity shares representing 0.00133% of the paid-up equity share capital of Penganga Sakhar Karkhana Private Limited (Target Company). The acquisition was completed in accordance with the terms and conditions of a Share Purchase Agreement.

Shareholding Change

Prior to this acquisition, the company held 149,998 equity shares (99.99867%) of Penganga Sakhar Karkhana Private Limited. Post-acquisition, the company now holds 150,000 equity shares (100% of paid-up equity share capital), making Penganga Sakhar Karkhana Private Limited a wholly-owned subsidiary of Bharatam Ventures Limited effective from the date of acquisition completion.

Related Party Transaction Aspects

The acquisition constitutes a Related Party Transaction to the extent of 1 equity share acquired from Mr. Abhinath Manikrao Shinde, who is a Promoter and Managing Director of Bharatam Ventures Limited. The acquisition of the remaining 1 equity share from Mr. Balasaheb Eknath Gunjal does not constitute a Related Party Transaction. The transaction is not material under Regulation 23 of SEBI LODR Regulations.

Financial Considerations

The company acquired 2 equity shares at ₹120 per share, aggregating to ₹240 (Rupees Two Hundred Forty Only). The consideration was paid in cash as per the Share Purchase Agreement.

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.

Regulatory Approvals

The acquisition has been completed with no further governmental or regulatory approvals pending, except for post-closing statutory compliances that may be applicable.

Timeline

The acquisition was expected to be completed within 30 days from execution of the Share Purchase Agreement dated August 10, 2026, subject to completion of customary closing conditions. The disclosure confirms the acquisition has been completed.

Target Company Background

Penganga Sakhar Karkhana Private Limited is engaged in sugar manufacturing and allied agro-processing activities in India. Financial turnover details:

  • FY 2025-26: ₹8,352.89 Lakhs (₹83.53 crore)
  • FY 2024-25: ₹3,368.57 Lakhs (₹33.69 crore)
  • FY 2023-24: ₹1,404 Lakhs (₹14.04 crore)

Compliance References

Disclosure made under Regulation 30 read with Para A of Part A of Schedule III of SEBI LODR Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

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