Transaction Details

  • Jayant Agro-Organics Limited has successfully completed the acquisition of shares in Vithal Castor Polyols Private Limited (VCPL) on May 22, 2026.
  • The acquisition was executed pursuant to an agreement dated May 11, 2026, as previously intimated.
  • Consequent to this acquisition, VCPL has become a subsidiary of Jayant Agro-Organics Limited.

Acquisition Structure and Consideration

  • Acquisition of 40% of total paid-up equity share capital of VCPL.
  • Acquisition of 80% of total paid-up preference share capital of VCPL.
  • Total consideration: ₹25,37,44,403 (Rupees Twenty-Five Crore Thirty-Seven Lakh Forty-Four Thousand Four Hundred Three Only).
  • Payment method: Cash consideration.

Target Company Background

  • Industry: Chemicals
  • Business: Manufacturing of Bio Polyols
  • Date of Incorporation: August 5, 2013
  • Geographic Presence: India
  • Historical Turnover:
  • FY 2024-25: ₹4,430.43 lakhs
  • FY 2023-24: ₹5,382.83 lakhs
  • FY 2022-23: ₹5,371.24 lakhs

Transaction Characteristics

  • Not a related party transaction.
  • Promoter/promoter group/group companies have no interest in VCPL.
  • Transaction conducted at arm's length.
  • No governmental or regulatory approvals required for the acquisition.
  • Acquisition completed as of May 22, 2026 (no indicative time period required).

Strategic Rationale and Impact

  • The acquisition will enhance operational synergies within the castor oil products business.
  • Will enable more focused operations and demonstrate greater commitment to the business line.
  • Will result in a more streamlined ownership structure.
  • Will enable the company to better adapt to evolving market dynamics in the castor polyols manufacturing sector.