Key Event
The Board of Directors of CFF Fluid Control Limited, at its meeting held on Friday, November 06, 2026, considered and approved entering into a binding Joint Venture agreement with TKMS ATLAS ELEKTRONIK GmbH.
Parties Involved
The agreement is between CFF Fluid Control Limited and TKMS ATLAS ELEKTRONIK GmbH to establish a joint venture company named "TKMS CFF Defence Systems Private Limited" in India.
Purpose of Agreement
Advancing India's "Make in India" initiative through local manufacturing, system integration, and comprehensive through-life support for anti-submarine warfare.
Shareholding Structure
The proposed Joint Venture company will be held 51% by CFF Fluid Control and 49% by TKMS.
Significant Terms
Definitive Agreements are yet to be executed between the parties. The joint venture is presently proposed with the 51/49 shareholding structure. Mr. Sunil Menon (Managing Director) and Mr. Gautam Makker (Chairman and Non-Executive Director) are authorized to act on behalf of CFF Fluid Control Limited to finalize and execute the definitive agreements, subject to terms and conditions to be set out in those agreements.
Relationship Status
TKMS is not related to CFF Fluid Control Limited or its Promoter/Promoter Group. This is not a related party transaction.
Additional Details
- Class of shares, issue price, and other related terms will be finalized and documented in the Definitive Agreements
- No loan agreements are involved in this transaction
- The size of the agreement is marked as "Not Applicable"
- No termination or amendment details are applicable at this stage