Acquisition Details

Target Entity: ST Advanced Composites (STAC) Private Ltd.

Corporate Structure:

  • Authorized Share Capital: ₹50,00,000 divided into 5,00,000 Equity Shares of ₹10 each
  • Provisional Turnover as on March 31, 2026: ₹416.85 lakhs (₹4.17 crore)

Transaction Structure:

  • Acquisition of 100% stake in STAC
  • Total Consideration: ₹10 crore
  • ₹1.50 crore to promoters for acquisition of equity shares
  • ₹8.50 crore as loan to STAC to settle its liabilities
  • Payment Method: Cash consideration
  • Completion Timeline: 3 months

Business Description of Target:

ST Advanced Composites is a Chennai-based advanced composite engineering company specializing in:

  • RF-transparent radomes
  • Aerospace-grade structural components
  • Defence composite solutions
  • End-to-end capabilities: design, tooling, fabrication, assembly, and testing
  • Core focus: aerospace, defence, UAVs, and RF structures

Historical Financial Performance:

  • FY 2023-24: ₹157.66 lakhs (Audited)
  • FY 2024-25: ₹442.19 lakhs (Audited)
  • FY 2025-26: ₹416.85 lakhs (Provisional)

Strategic Rationale and Impact

Vertical Integration: Data Patterns currently designs and manufactures radar electronics but procures radomes and composite structures externally. The acquisition brings this capability in-house, addressing:

  • Margin leakage to third-party vendors
  • Schedule dependency
  • Limited scope when bidding for integrated subsystem programmes

Market Positioning: DRDO, international radar OEMs, and missile programme customers increasingly require a single vendor for electronics plus RF structures. Post-acquisition, Data Patterns can offer integrated solutions, expanding the addressable value per programme to an estimated 1.3-2.0x.

Corporate Structure Impact: Upon completion, STAC will become a wholly owned subsidiary of Data Patterns (India) Limited.

Regulatory and Approval Status

Related Party Transaction: The acquisition does not qualify as a related party transaction. Promoter/promoter group/group companies have no interest in the entity being acquired.

Governmental/Regulatory Approvals: Not applicable as per the disclosure.

Board Approval and Timing

The Board of Directors approved the acquisition at its meeting held on July 30, 2026. The approval is subject to other statutory/regulatory approvals required, if any.

Filing Details

Filed with: National Stock Exchange of India Limited and BSE Limited

Regulatory Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015