Date: October 01, 2026
Acquisition Update
Polyplex Corporation Limited provides an update on its earlier intimation dated April 30, 2026 regarding the completion of acquisition of 51% share capital of PDPL.
The Board of Directors in its meeting held on October 01, 2026 approved the final sale consideration for the transaction. Based on post-closing adjustments mutually agreed between the parties as per the Share Purchase Agreement, the final sale consideration has been arrived at ₹7,348.83 lakh (₹73.49 crore).
The Board approved payment of the balance sum of ₹1,139.08 lakh (₹11.39 crore) to the continuing sellers.
Board Meeting Details
The meeting of the Board of Directors commenced at 1715 hours (IST) and concluded at 1825 hours (IST).