Date: 30th September 2026

Capital Infusion Details

Carborundum Universal Limited has infused USD 3 million (approximately ₹28.78 crore) into M/s. CUMI International Limited, Cyprus, its wholly owned subsidiary. The investment was made on 30th September 2026 by way of subscription to equity share capital.

Purpose of Investment

The capital infusion supports the funding requirements of CUMI International Limited in connection with the proposed closure of its wholly owned subsidiary in Germany, CUMI Awuko Abrasives GmbH.

Subsidiary Details

Target Entity: M/s. CUMI International Limited (CIL)

  • Status: Wholly owned subsidiary of Carborundum Universal Limited
  • Registered equity capital: USD 50 million
  • Paid-up equity capital before infusion: USD 43.64 million
  • Paid-up equity capital after infusion: USD 44.24 million
  • Turnover as on 31.12.2025: USD 0.50 million
  • Date of incorporation: 7th June 2007
  • Business activity: Holding investments in overseas subsidiaries of the Company

Historical Turnover:

  • 31.12.2023: USD 4.89 million
  • 31.12.2024: USD 4.38 million
  • 31.12.2025: USD 0.50 million

Transaction Details

Nature of Transaction: Related party transaction (between Company and its wholly owned subsidiary)

Consideration: Cash consideration by way of subscription to equity shares

Investment Amount: USD 3 million (approximately ₹28.78 crores)

Valuation: Investment made at fair value in adherence to Foreign Exchange Management (Overseas Investment) Rules, 2022 and related regulations. The Company has a valuation report supporting the investment decision.

Ownership Impact: The Company held 100% of CIL's share capital prior to the investment and continues to hold 100% post-investment.

Regulatory Aspects

No governmental or regulatory approvals were required for this acquisition. The transaction was executed as per SEBI Listing Regulations disclosure requirements under Regulation 30.

German Subsidiary Context

The investment supports the closure of CUMI Awuko Abrasives GmbH, Germany, which is a wholly owned subsidiary of CUMI International Limited.