Shilp Gravures Limited has made a further investment in its wholly-owned subsidiary Etone India Private Limited through subscription of equity shares under a rights issue. The disclosure is made pursuant to Regulation 30 read with Schedule III Part A Para A (1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Investment Details
- Target Entity: Etone India Private Limited (CIN: U28910WB2002PTC094734)
- Investment Amount: ₹1,42,93,800 (One Crore Forty-Two Lakh Ninety-Three Thousand Eight Hundred Rupees)
- Shares Acquired: 14,29,380 equity shares at face value of ₹10 each
- Investment Method: Rights Issue
- Post-Investment Holding: 100% ownership maintained
Target Company Financials
- Authorized Capital: ₹2,50,00,000 divided into 25,00,000 equity shares of ₹10 each
- Pre-Acquisition Paid-Up Capital: ₹1,05,88,000 divided into 10,58,800 equity shares of ₹10 each
- Turnover History:
- 2023-24: ₹11,54,19,000 (11.54 Crore)
- 2024-25: ₹11,10,20,000 (11.10 Crore)
- 2025-26: ₹12,69,60,000 (12.70 Crore)
Transaction Characteristics
- Related Party Transaction: Yes
- Promoter/Promoter Group Interest: None
- Nature of Relationship: Wholly Owned Subsidiary
- Arm's Length Basis: Yes
- Industry: Manufacturing of gravure cylinder
- Business Objective: Electro-mechanical engraved cylinders and chemically etched cylinders for rotogravure/Flexo printing machines
- Entity Presence: India
- Date of Incorporation: 11th June, 2002
Purpose and Impact
The investment was made to expand the business of the company. The transaction maintains Shilp Gravures' complete ownership of the subsidiary while providing additional capital for business expansion.