Integra Switchgear Approves ₹299 Crore Magnatech Battery Acquisition Via Share Swap

Board approved, subject to shareholder approval, acquiring 95% of South Korea’s Magnatech, a rechargeable-battery and LED-lighting company with CY2025 turnover of ₹44.65 crore, through a ₹298.67 crore share swap, alongside preferential issuance to an independent director. Completion is targeted within 12 months. Context: reverses the post-asset-sale shell trajectory.