Greaves Cotton Ltd

Key certification details

• Details of dematerialised/rematerialised securities for the period furnished to all stock exchanges where listed.

Appointment

• Executive appointment: Mukul Kanchan named ED & CEO, effective Oct 1, 2026, subject to approvals.
• Mukul to lead growth of ev.fin, a 100% EV-focused lending platform.
• Platform serves customers across 86 cities.
• Focus on deepening EV OEM partnerships and diversifying funding base.

Greaves Cotton Limited — Closure of Trading Window from 01 October 2026 till 48 hours after the announcement of the financial results for the quarter and half year ended 30 September 2026

Meeting Details

• Date: 29 September 2026; Time: 10:00–11:00 am; Virtual group investor/analyst meet.
• Organised by Arihant Capital – Bharat Connect Conference.

Participants

• Key company participants: Group General Counsel and Company Secretary.

Purpose

• Purpose: General investor/analyst interaction for the scheduled meet.

Meeting Details

• Date: 22 September 2026; Physical investor/analyst meeting in Mumbai.
• Event: AnandRathiG-200 Summit2026 organized by AnandRathi Institutional Equities.
• Interaction type: Group and one-on-one.
• Purpose: investor/analyst meeting.

Meeting Details

• Date: 11 September 2026.
• Time: Full day.
• Type and mode: In-person, group meeting.
• Venue/Activity: Ranipet Plant visit for Investors/Analysts.

Participants

• Company participants: not specified in the filing.

Purpose

• Purpose: Investor/analyst plant visit and group interaction.

Event details

• Unveiled 12V15, 750 HP Fire Fighting Engine at FSIE Expo 2026 in Mumbai.
• Strengthens Industrial Solutions portfolio and aligns with GREAVES.NEXT strategic direction.
• Engineered for high-capacity firefighting with power, reliability, and readiness.
• Launch aligns with GREAVES.NEXT to broaden Mobility, Energy and Industrial Solutions.

Meeting Details

• 28 August 2026; time not specified.
• Physical, group meeting with investors/analysts.
• Organizer: Greaves Cotton Limited (Analyst/Investor Meet).
• Purpose: Intimation of schedule for Analyst/Investor Meet.
• Key company participants: Not disclosed.

Acquisition details

• Greaves completes acquisition of remaining 20% stake in Excel Controlinkage; Excel becomes a wholly owned subsidiary.
• Effective August 13, 2026; completion under the April 6, 2023 definitive agreement.
• Multi-tranche acquisition process initiated in 2023 has concluded.
• Total ownership now 100% in Excel Controlinkage.

Excel Controlinkage overview & strategic fit

• Excel is a motion control systems player serving CVs, construction, agriculture, and aftermarket.
• Operates an integrated manufacturing facility for heavy-duty push-pull cables and end fittings.
• Greaves Cotton will leverage Excel's capabilities across Energy, Mobility, and Industrial Solutions.
• Excel becomes a wholly owned subsidiary under Greaves.Next diversification strategy.

Target overview

• Excel Controlinkage Private Limited is an India-based motion-control systems maker.
• Products include heavy-duty push-pull cables, levers, linkages, and sensors.

Size and turnover

• Turnover: Rs 105 crore (FY2020); 120 crore (FY2021); 167 crore (FY2022).

Deal structure

• Initial acquisition is cash-based; 60% stake; enterprise value cap INR 3,850 million.
• Final tranche to complete by Aug 2026; total 100% ownership.
• Promoters receive one-time payment for non-compete, control premium, consultancy.
• Promoter/group has no interest; not a related-party transaction.
• Future tranches priced per pre-agreed valuation matrix.

Strategic rationale

• Diversify into new product categories and strengthen presence in commercial vehicles and mobility.
• Aligns with Greaves' strategy beyond core products.

Regulatory and timeline

• Regulatory approvals not applicable.
• Timeline: initial tranche; final completion by August 2026.

Target background

• Incorporated 20 April 1994; India-based motion-control components manufacturer.
• Presence in India; integrated manufacturing facility; serves OEMs and aftermarket.