My Companies
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Board on 21 Sep 2026 approved acquisition of Satelite Forgings Pvt Ltd shares, a related party, for up to Rs 100 Cr, subject to approval at 30 Sep AGM via addendum Item 4 as special resolution. First operating buy since exiting packaging arm left it with no subsidiaries; shifts shell leasing model into auto forgings via common-owner related party needing public shareholder nod. Stake, price, valuation, funding mix and timeline undisclosed; justification only generic strategic benefits; completion hinges on 30 Sep vote with related parties barred from voting.