Date: 29th October, 2026

Board Meeting Outcomes

  • The Board of Directors of Emmbi Industries Limited, at its meeting held on Thursday 29th October, 2026, approved the proposal for acquisition of 50% of the equity share capital of Britpac AB, Sweden by Zastian Pte. Ltd., Singapore, a wholly-owned subsidiary of the Company.

Disinvestment / Strategic Actions

Target Entity Details:

  • Name: Britpac AB, Sweden (trading under the name "FortaPac")
  • Industry: Purchasing and selling industrial and reusable packaging. The company shall also own and manage real estate and securities, as well as conduct activities related thereto.
  • Status: The Target Company has not yet commenced trading and has no operating turnover as of date.
  • Incorporation Details: Company incorporated in Sweden with issued share capital of 25,000 shares of SEK (Swedish Krona) 1 each, aggregating to SEK 25,000 (minimum required share capital for Swedish incorporation).

Acquisition Structure:

  • Acquiring Entity: Zastian Pte. Ltd., Singapore (wholly-owned subsidiary of Emmbi Industries Limited)
  • Stake Acquired: 50% equity share capital (12,500 equity shares)
  • Consideration: Cash consideration of GBP ("GBP") 1,025 approximately, subject to terms of SPA and applicable adjustments
  • Transaction Type: Not a related party transaction. Promoter/promoter group/group companies have no interest in the entity being acquired.

Strategic Rationale:

  • The acquisition is intended to strengthen the Company's international presence and establish a presence in relevant overseas markets
  • Objective is to expand business operations internationally

Regulatory Requirements:

  • The proposed acquisition shall be subject to applicable statutory, regulatory and governmental requirements and approvals, consents and clearances in India, Singapore and Sweden
  • Includes requirements under the Foreign Exchange Management Act, 1999 and regulations/directions issued by the Reserve Bank of India

Timeline:

  • Expected to be completed upon execution of the SPA and fulfillment of applicable conditions precedent and other requirements
  • Subject to receipt of necessary approvals, consents and clearances, wherever applicable

Compliance Officer

  • Mahipal Singh Chouhan, Company Secretary & Compliance Officer (M. No: A41460) signed the disclosure