Nature of Disclosure: Regulatory filing pursuant to SEBI LODR Regulations, 2015, specifically Regulation 30 read with Schedule III, regarding board-approved acquisitions.

Board Meeting Details: The Board of Directors meeting was held on Wednesday, August 05, 2026, commencing at 07:00 P.M. and concluding at 07:30 P.M.

Acquisition 1 - Ranks Precision Private Limited:

  • Transaction: Acquisition of 10,000 equity shares representing 50% of the total paid-up share capital
  • Consideration: Cash payment of ₹1,31,62,900
  • Target Entity: Ranks Precision Private Limited (CIN: U32900HR2025PTC129228), incorporated on March 03, 2025
  • Business: Manufacturing, fabrication, processing, assembly, trading, import and export of automotive components, undercarriage components, engine components, spare parts, heavy construction equipment and allied engineering products
  • Financials: Turnover for FY 2025-26 was ₹11,11,10,002; No turnover data available for FY 2023-24 and 2024-25
  • Relationship: Related party transaction - shares acquired from Mr. Ritesh Sharma, Promoter and Managing Director of TIPCO
  • Transaction Basis: Arm's length basis in compliance with Companies Act, 2013 and SEBI Listing Regulations
  • Industry: Automotive & Heavy Engineering Components Manufacturing
  • Objective: Expand manufacturing capabilities in automotive, engine, and undercarriage components, achieve supply chain synergies, and enhance operational efficiency
  • Impact: Ranks will become an Associate of the Company
  • Regulatory Approvals: Not applicable
  • Timeline: To be completed in due course of time

Acquisition 2 - Hanutech Engineering Solutions:

  • Transaction: Acquisition of 50% partnership interest and profit-sharing ratio from existing partner
  • Consideration: Cash payment of ₹1,66,59,971
  • Target Entity: Hanutech Engineering Solutions, partnership firm established pursuant to Deed of Partnership dated January 12, 2021
  • Business: Design, manufacturing, machining, and distribution of industrial pumps, valving solutions, and fluid engineering equipment
  • Financials: Turnover FY 2023-24: ₹14,39,36,075; FY 2024-25: ₹16,77,24,091; FY 2025-26: ₹19,53,83,559
  • Relationship: Related party transaction - interest acquired from Mr. Ritesh Sharma, Promoter and Managing Director of TIPCO
  • Transaction Basis: Arm's length basis in compliance with Companies Act, 2013 and SEBI Listing Regulations
  • Industry: Pumps, Valves & Industrial Fluid Equipment Manufacturing
  • Objective: Expand manufacturing capabilities in industrial pumps, valves, and fluid engineering solutions, leverage business synergies, and enhance operational footprint
  • Impact: Company will become a partner in Hanutech upon execution of supplementary deed
  • Regulatory Approvals: Not applicable
  • Timeline: To be completed in due course of time

Regulatory Compliance: Both disclosures made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI LODR Regulations, 2015 and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Total Acquisition Value: ₹2,98,22,871 (₹1,31,62,900 + ₹1,66,59,971)