Shlokka Dyes Ltd

Target and transaction

• Equinox Impex, sole proprietorship, manufactures and exports synthetic organic dyes in India.
• Turnover FY2025-26: Rs 47.01 crores.
• Acquisition via slump sale of business and assets for cash.
• Aggregate cash consideration: Rs 3,67,49,248.90.
• Rs 2,23,24,031.81 for business undertaking; Rs 1,44,25,217.09 for trademark.
• Related party: EI proprietor is MD of Shlokka Dyes; arm's length.
• No equity stake; acquisition of running operations and assets only.
• Industry: Specialty Chemicals.

Rationale and background

• Strategic rationale: synergy, promoter group consolidation, cost efficiency.
• Within main line of business; dyes manufacturing/export.
• Regulatory approvals: Not Applicable.
• Timeline: within 30 days from BTA signing.
• Background: EI exports dyes; India presence and export markets.
• Three-year turnover: 2023-24 Rs 57.20 cr; 2024-25 Rs 75.69 cr; 2025-26 Rs 47.01 cr.
• Profit after tax: 2023-24 Rs 0.34 cr; 2024-25 Rs 0.27 cr; 2025-26 Rs 0.28 cr.
• Trademark EQUINOX filed in Class 2; user claim since 2011.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• No physical certificates were mutilated or cancelled as there were no dematerialisations.
• No substitution of the depository name was recorded within the 15-day timeline.