Date: May 26, 2026

Board Meeting Outcomes

  • The Board of Directors at its meeting held on Tuesday, May 26, 2026 approved conversion of a portion of inter-company loan extended to its wholly owned subsidiary into equity shares
  • The transaction does not involve any fresh infusion of capital by the Company
  • The conversion involves converting a portion of outstanding inter-company loan up to ₹2,50,00,000 (Rupees Two Crores Fifty Lakhs Only)

Transaction Details

  • Target Entity: Spectrum Electrical Technologies Private Limited (formerly known as Spectrum Electrical Life Solutions Pvt. Ltd.)
  • Number of equity shares to be converted: 15,000 shares
  • Consideration: Non-cash consideration by way of conversion of loan into equity shares
  • Cost of acquisition: No cash consideration involved
  • Time period: Conversion will be completed within three months from the date of Board Approval
  • Regulatory approvals: No regulatory approvals required

Subsidiary Information

  • Date of Incorporation: 16th October, 2019
  • Industry: Manufacturing electrical press components and injection moulding plastic components, and providing electroplating services
  • Turnover:
  • 2025-26: ₹2,311.66 Lakhs (₹23.12 Crore)
  • 2024-25: ₹2,214.77 Lakhs (₹22.15 Crore)
  • 2023-24: ₹1,006.91 Lakhs (₹10.07 Crore)