Transaction Details
- Business Transfer Agreement signed and executed on November 14, 2026
- Acquisition of business undertaking relating to manufacturing, sale and supply of Architectural Glass and Automotive Glass
- Transaction structured as a slump sale basis
- Follows earlier intimation made to stock exchanges on November 06, 2026
Assets Included in Acquisition
The business undertaking includes:
- Manufacturing facilities situated at R.S. No. 390/1, Nainglaj Village, Chikodi Taluka, Belgaum District, Karnataka
- Associated technical know-how and intellectual property rights
- Brand name and goodwill
- Customer and vendor relationships
- Books and records
- Employees
- Other assets and rights pertaining to the business
Future Actions
On the closing date under the BTA, the Company shall also execute:
- Sale Deed for immovable properties comprising land and building of the factory premises
- Other ancillary documentation
Additional intimations will be made in due course for these documents.
Expected Impact
The acquisition is expected to strengthen the Company's manufacturing capabilities and expand its business presence in the Architectural Glass and Automotive Glass segment.
Additional Information
The intimation has been uploaded on the Company's website at https://www.sejalglass.co.in/