Tirth Plastic Limited has executed a Memorandum of Understanding (MOU) with M/S Krishna Plastic Traders on 03RD June, 2026 to establish a framework for strategic association and proposed investment.

Parties to the MOU

1. Tirth Plastic Limited (TPL)

2. Krishna Plastic Traders (KPT)

Objective of MOU

The objective is to establish a framework for the proposed acquisition and takeover of the business undertaking of KPT by TPL, subject to:

  • Financial, legal, technical and commercial due diligence
  • Independent valuation of the business enterprise
  • Approval of the Board of Directors, Shareholders, Stock Exchanges and other regulatory authorities, as may be applicable
  • Execution of definitive agreements

Nature of Consideration

Subject to valuation and approvals, TPL shall discharge the acquisition consideration through one or a combination of the following modes:

  • (a) Cash Consideration
  • (b) Equity Consideration
  • (c) Preference Shares
  • (d) Loan Consideration
  • (e) Combination Structure

The final structure shall be determined based on valuation, regulatory compliance, tax efficiency and mutual agreement between the Parties.

Broad Terms of MOU

TPL intends to evaluate the acquisition and takeover of the business undertaking of KPT, including its assets, liabilities, contracts, intellectual property, employees, licenses, goodwill and business operations, subject to satisfactory due diligence, valuation and regulatory approvals.

Industry Classification

The entity belongs to the plastic manufacturing industry, specifically focused on FIBC jumbo bags, PP/HDPE ropes, mono-filament yarn, tarpaulins, and allied industrial plastic products.

Expected Benefits

The proposed acquisition is expected to achieve immediate capacity expansion, strengthen its product portfolio and market presence, and derive operational synergies through integration of KPT's established manufacturing capabilities and customer base.

Transaction Status

Definitive agreements have not yet been entered into. The Parties intend to execute binding agreements upon completion of due diligence, valuation, and receipt of necessary approvals.