Acquisition Details
- Target Company: Shri Krishnam Industries Private Limited
- Acquisition Percentage: 100% equity stake
- Consideration: Cash payment of ₹63,00,000 (Rupees Sixty-Three Lakh Only)
- Shares Acquired: 6,30,000 equity shares of ₹10 each
- Effective Date: Disclosure dated May 25, 2026
Target Company Background
- Incorporation Date: February 25, 2020
- Authorized Capital: ₹70,00,000
- Business Status: Yet to commence business operations
- Industry: Food Processing Industry (Pulse/Dal Milling Industry)
Transaction Structure
- Nature of Transaction: Cash consideration
- Related Party Status: Shri Krishnam Industries Private Limited is a related party as promoters/promoter group are interested in the company
- Regulatory Approvals: No governmental or regulatory approvals required for the acquisition
Strategic Rationale
The acquisition aligns with Manglam Global's growth and expansion strategy. The target entity is currently under expansion and in the process of setting up a new project related to dal manufacturing. This acquisition will enable the company to strengthen its presence in the agro-processing segment and enhance its operational capabilities.
Corporate Structure Impact
Shri Krishnam Industries Private Limited becomes a wholly-owned subsidiary of Manglam Global Corporations Limited following this acquisition.