Timeline Update
Original Announcement Date: 12th June 2026
Original Deal Summary: Strategic investment to acquire 51% stake in Aqua Marine (Partnership Firm) for an amount not exceeding Rs. 15,00,00,000/- (Rupees Fifteen Crores Only) by way of capital contribution in one or more tranches.
Original Expected Date of Completion: 30th September 2026
Revised Date of Completion: 31st January 2027
Reason for Delay: Procedural issues
Current Status of Acquisition: The company states that "all the necessary steps are being taken to address the delays" and that the "acquisition through capital contribution will be completed in due course."
Financial Implication: No specific financial implications of the delay are disclosed in the document.
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30