Disclosure under Regulation 30 of SEBI Listing Regulations

Solar Industries India Limited (Scrip Code: 532725, Trading Symbol: SOLARINDS) disclosed through a regulatory filing dated September 14, 2026, that its wholly owned step-down subsidiary Solar SA Investments Proprietary Limited (Acquirer) and wholly owned subsidiary Solar Overseas Mauritius Limited have entered into a definitive agreement with Omnia Holdings Limited for acquisition of 100% of Omnia's issued ordinary shares (excluding treasury shares).

Transaction Details

Parties Involved:

  • Acquirer: Solar SA Investments Proprietary Limited (wholly owned step-down subsidiary)
  • Co-investor: Solar Overseas Mauritius Limited (wholly owned subsidiary)
  • Target: Omnia Holdings Limited

Deal Structure:

  • Acquisition of 100% issued ordinary shares of Omnia, excluding treasury shares
  • Cash consideration of ZAR 134.5 per share
  • Total consideration value: US$1.355 billion (using USD/ZAR exchange rate of 16.1075 as of September 11, 2026)
  • Not a related party transaction; promoter/promoter group has no interest in Omnia

Target Company Profile:

Omnia Holdings Limited is a diversified chemicals company incorporated in 1953, headquartered in Johannesburg, South Africa. The company supplies chemicals and specialized services to mining, agriculture, and chemicals application industries.

Operational Footprint:

  • Physical presence in 23 countries
  • Serves customers in more than 40 countries
  • Over 70 distribution centers
  • Employs more than 3,500 people
  • Listed on Johannesburg Stock Exchange (OMN) and A2X Markets

Financial Performance:

  • FY2025-26 revenue: USD $1.41 billion (USD/ZAR: 17.1511 as of March 31, 2026)
  • FY2024-25 revenue: USD $1.25 billion (USD/ZAR: 18.2871 as of March 31, 2025)
  • FY2023-24 revenue: USD $1.18 billion (USD/ZAR: 18.8483 as of March 31, 2024)

Business Segments:

Omnia's mining segment (BME) is a leader in sustainable mining solutions, combining expertise in blasting systems, explosives, mining chemicals, and metallurgical processing serving commercial mining and quarrying industries.

Strategic Rationale:

The acquisition aims to create a global platform for commercial explosives and blasting solutions by strengthening the group's international presence, expanding geographical footprint, enhancing technological capabilities, and diversifying business operations.

Approvals and Timeline:

The transaction is subject to obtaining all applicable regulatory, statutory and competition approvals, as well as satisfaction of other conditions customary precedent. The acquisition is expected to be completed in early to mid-2027. Upon successful completion, Omnia will be delisted from the Johannesburg Stock Exchange and A2X Markets securities exchange.

Disclosure Compliance:

This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

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