Ishaan Infrastructures Approves ₹79.45 Crore Share-Swap For Two Electronics Firms

Board approved acquisition of 100% of Blisstering Electronics Pvt. Ltd. and Bliss Cab Electronics Pvt. Ltd. through a share swap valued at Rs 79.5 Cr, comprising Rs 65.6 Cr for BEPL and Rs 13.9 Cr for Bliss Cab. The transaction will be funded by issuing up to 5.68 Cr equity shares at Rs 14 per share. The acquisition expands the company from infrastructure into electronic components, wires and cables; BEPL reported FY26 turnover of Rs 164.7 Cr. Authorized share capital will increase from Rs 7.5 Cr to Rs 64 Cr, subject to shareholder and regulatory approvals. The preferential issue would give 68 investors 89.76% of post-issue equity, with the largest investor receiving 31.57%. Valuation metrics, target profitability and integration plans were not disclosed. Two independent directors and the statutory auditor also resigned.