SOLARINDS: INDIA STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY SHARES OF SIVASAKTHI

• Acquirer: wholly owned subsidiary Solar Explochem Limited; share purchase agreement to acquire 100% of issued and paid-up equity share capital of Sivasakthi Industrial Explosives Private Limited • Total consideration: ₹115.02 Cr in cash • Target: incorporated in 2008 in India; engaged in manufacture, production, processing, retailing, wholesaling, supply, distribution and trading of explosives for industrial mining and other purposes; turnover FY2025-26 Nil, FY2024-25 ₹34.99 L, FY2023-24 ₹1.26 Cr • Acquisition is for business expansion in the explosives industry; indicative completion within 12 months

Solar Industries India Limited

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