Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting and Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Date of Board Meeting / Approval: July 24, 2026 (concluded at 2:20 p.m.)
Acquisition Details:
The Board of Directors has approved the acquisition of the entire issued share capital of Owen Springs Limited, a company incorporated in England and Wales, from its existing shareholder, OSL Group Holdings Limited.
Target Company Details:
- Name: Owen Springs Limited
- Company Number: 05192010
- Location: Aldwarke Terrace, Parkgate, Rotherham, South Yorkshire, S62 6BX, United Kingdom
- Revenue: £2,761 thousands UK Pounds for calendar year ended December 31, 2025
- Industry: Manufacturing & Trading of leaf/parabolic springs & other allied products
Transaction Structure:
- Consideration: 100% cash consideration of £2,000,000 (two million pounds sterling)
- Adjustments: Subject to adjustments to net current assets in accordance with Share Purchase Agreement
- Shareholding: 100% outstanding equity capital acquisition
Strategic Rationale:
The acquisition aligns with Company's Lakshya – RISE 5000 strategy of expanding into new markets. It is expected to:
- Strengthen international presence
- Enhance access to customers and business opportunities in the United Kingdom and other regions
- Strengthen global footprint and market position
- Create opportunities for business expansion, operational synergies and long-term value creation
Regulatory Aspects:
- Related Party Transaction: No
- Governmental Approvals: None required
- Completion Timeline: Expected by August 31, 2026
- Conditions: Subject to completion of conditions precedent and other completion formalities as stipulated under Share Purchase Agreement and applicable laws
Additional Information:
The disclosure is made pursuant to SEBI master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
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