Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Acquisition Announcement
Key Financial Highlights:
Not Specified
Corporate Actions:
- Approved acquisition of 56% controlling stake in Fabwood Solutions LLP
- Total investment value: ₹42.70 Crore (includes capital infusion of ₹8.40 Crores in Fabwood Solutions LLP)
- Consideration: Entire investment to be paid in cash
- Scheduled completion date: On or before 8th October 2026
Other Significant Information:
Target Entity Details:
- Fabwood Solutions LLP (Limited Liability Partnership Firm)
- Will eventually own the business of M/s. Fab Wood (Proprietor: Mr. Tushar Ganatra)
- Industry: Dealer in timber, and manufacturer of engineered wood solutions, cladding products, doors, and other architectural wood applications used in surface decorative business
Strategic Rationale:
- Enhance regional presence in South India
- Boost brand visibility
- Enable deeper market penetration in South India
- Enhance product portfolio in surface decorative business of the Company
Financial History of Fab Wood:
- FY 2023-24: ₹43.34 Crores turnover
- FY 2024-25: ₹40.83 Crores turnover
- FY 2025-26: ₹45.25 Crores turnover
- Presence: India
Fabwood Solutions LLP Details:
- Date of Incorporation: 12th August 2026
- History of last three Years: ₹ Nil turnover
- Presence: India