Wonder Electricals Acquires Geyser Plant for ₹16.5 Crores

Key Decision

Board of Directors of Wonder Electricals Limited approved the purchase of a manufacturing plant for geysers (excluding land) from Onkar Engine and Generator Private Limited.

Capacity Details

• Existing capacity: 25,000 units per month
• Existing capacity utilization: 40-50%
• Proposed capacity addition: 20%
• Implementation timeline: Within 1 year

Financial Details

• Investment required: Approximately ₹16.50 crores plus applicable tax
• Mode of financing: Funds to be borrowed from a bank

Rationale

The acquisition is expected to increase the company's bottom line and provide business during lean periods for fans.

Meeting Details

• Meeting date: September 23, 2026
• Meeting timing: Commenced at 02:00 PM IST and concluded at 02:32 PM IST