Key Quantitative Figures

Financial Results for Year Ended March 31, 2026:

  • Revenue from Operations: ₹16,303.32 lakh (₹163.03 crore)
  • Total Income: ₹16,385.06 lakh (₹163.85 crore)
  • Profit Before Tax: ₹1,216.61 lakh (₹12.17 crore)
  • Net Profit: ₹902.91 lakh (₹9.03 crore)
  • Earnings Per Share (Basic & Diluted): ₹8.38
  • Paid-up Equity Share Capital: ₹1,077.75 lakh (10,777,500 shares of ₹10 each)
  • Reserves and Surplus: ₹4,490.61 lakh

Financial Results for Half Year Ended March 31, 2026:

  • Revenue from Operations: ₹9,347.18 lakh
  • Net Profit: ₹514.92 lakh
  • EPS: ₹4.78

Comparative Figures (Year Ended March 31, 2025):

  • Revenue from Operations: ₹14,096.73 lakh
  • Net Profit: ₹806.95 lakh
  • EPS: Not specified in comparable format

Balance Sheet Position as at March 31, 2026:

  • Total Equity and Liabilities: ₹12,173.18 lakh
  • Total Assets: ₹12,173.18 lakh
  • Inventories: ₹4,673.81 lakh
  • Trade Receivables: ₹4,444.41 lakh
  • Cash and cash equivalents: ₹20.15 lakh

Acquisition Details:

  • Acquisition of 100% equity shares of Terex Industries Private Limited
  • Total consideration: ₹395.70 lakh (₹3.96 crore)
  • Number of shares: 3,000,000 equity shares
  • Price per share: ₹13.19
  • Face value of shares: ₹10 each

Dates of Action

  • Board Meeting Date: May 28, 2026 (commenced at 6:00 PM, concluded at 6:45 PM)
  • Financial Period: Year ended March 31, 2026
  • Valuation Report Date: May 27, 2026
  • Expected Completion of Acquisition: On or before July 31, 2026

Parties Involved

  • Malpani Pipes and Fittings Limited (Acquirer)
  • Terex Industries Private Limited (Target Company, CIN: U25111MP2004PTC017152)
  • Statutory Auditors: K ARMA & Co. LLP, Chartered Accountants (FRN: 127544W1W100376)
  • Registered Valuer: CA Gaurav Kumar Maheshwari (IBBI Registration No: IBBIIRV/06/2022/15024)

Purpose and Rationale

The acquisition of Terex Industries is expected to "unlock significant long-term value by combining Malpani Pipe's proven manufacturing and export capabilities with the sectoral expertise and innovation of Terex Industries Private Limited." The acquisition will strengthen and expand the company's existing polymer and piping business, broaden product portfolio, improve operational capabilities, create business synergies, and expand market reach across industrial, agricultural, infrastructure, and construction sectors.

Financial and Operational Impact

Upon acquisition, Terex Industries Private Limited will become a wholly-owned subsidiary of Malpani Pipes & Fittings Limited. The acquisition is classified as a related party transaction as the Promoter and Promoter Group of the Company currently hold 100% equity shares of Terex Industries Private Limited.

Capital Structure Impact

The acquisition will result in Malpani Pipes holding 3,000,000 equity shares (100% stake) of Terex Industries Private Limited. There is no change to Malpani Pipes' own share capital structure.

Cash Flow Implications

The acquisition consideration of ₹395.70 lakh will be paid entirely through bank transfer, representing a cash outflow.

Additional Information

  • Company operates in a single segment: "Pipe Manufacturing"
  • Company is listed on SME Platform of BSE and exempted from IND-AS
  • No investor complaints received for the period under review
  • Previous period figures have been re-grouped/re-classified to conform to current period's classification

Target Company Information (Terex Industries Private Limited)

  • Industry: Manufacturing and Trading of Plastic Products, Granules and Pipes and trading of agricultural commodities
  • Incorporation Date: December 10, 2004
  • Turnover History:
  • FY 2025-26: ₹2,142.16 lakh (Unaudited)
  • FY 2024-25: ₹4,164.35 lakh (Audited)
  • FY 2023-24: ₹1,360.11 lakh (Audited)
  • Net Worth (FY 2025-26 Unaudited): ₹392.30 lakh