Target Entity and Business
- Shubham Lahuman Fibers (I) Private Limited, an Indian joint venture manufacturing polypropylene concrete micro and macro fibers.
- Incorporated on January 19, 2026; yet to commence operations.
Size and Shareholding
- Initial share capital: 10,000 equity shares at Rs. 10 each.
- Company subscribed 5,000 shares for Rs. 50,000, holding 50% equity.
- EMCM holds the remaining 50% equity.
Transaction Details
- Acquisition is a related party transaction with 50% promoter equity held by the Company.
- Transaction conducted at arm’s length on face value basis.
- Consideration paid in cash by the Company for its equity shares.
Industry and Strategic Rationale
- Operates in manufacturing of polypropylene concrete fibers within the construction materials sector.
- Acquisition aims to expand the Company’s footprint in micro and macro fiber business aligned with its main line of business.
Regulatory and Completion
- No governmental or regulatory approvals required.
- Company has completed its equity subscription; EMCM to acquire its shares subsequently.