Key Event Details
- The Board of Directors of CFF Fluid Control Limited approved entering into a binding Joint Venture agreement with TKMS ALTAS ELEKTRONIK GmbH at its meeting held on November 06, 2026.
- The Joint Venture company will be named TKMS CFF Defence Systems Private Limited.
- Shareholding pattern: 51% will be held by CFF Fluid Control and 49% by TKMS ALTAS ELEKTRONIK GmbH.
Purpose and Strategic Rationale
- The purpose is to advance India's "Make in India" initiative through local manufacturing, system integration, and comprehensive through-life support for anti-submarine warfare.
Current Status and Next Steps
- The Definitive Agreements are yet to be executed between the parties.
- The Joint Venture is presently proposed with the stated shareholding structure.
- Specific terms and conditions, including respective rights and obligations, will be set out in the Definitive Agreements.
- Class of shares, issue price, and other related terms will be finalized and documented in the Definitive Agreements.
Governance and Authorization
- The Board has authorized Mr. Sunil Menon (Managing Director) and Mr. Gautam Makker (Chairman and Non-Executive Director) to finalize and execute the agreement on behalf of CFF Fluid Control Limited.
Regulatory and Compliance Aspects
- Disclosure made pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI (LODR) Regulations, 2015.
- Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- TKMS is not related to the Company or its Promoter/Promoter Group.
- The transaction does not qualify as a related party transaction.
Financial Impact
Financial impact not quantified in the disclosure. Specific investment amounts, capital structure details, and financial terms will be determined in the Definitive Agreements.
#Tags: #CFFFluidControl #JointVenture #TKMS #SEBIDisclosure #RegulatoryCompliance #DefenseManufacturing #MakeInIndia