Board Approves 16% Stake Buy in Buildmex-Infra for INR 60 Crore and ₹20 Crore Corporate Guarantee

Board approved buying 16,000 shares (16%) of material subsidiary Buildmex-Infra for INR 60 crore cash, to close on or before Sep 30, 2026.

Mon 28 Sep 2026

Buildmex-Infra Stake Acquisition

16,000 equity shares (16% stake) for INR 60 crore

Buildmex-Infra Turnover 2025-26

Rs 179.03 crore

Corporate Guarantee Amount

Up to ₹20 Crore for NCDs by Lionheart Trading

Transaction Closure Date

On or before September 30, 2026

What was approved

At a board meeting held on September 28, 2026 (10:48 A.M. to 11:05 A.M.), ArisInfra's directors considered and approved two proposals.

Stake increase in Buildmex-Infra

• Acquiring 16,000 equity shares of Buildmex-Infra Private Limited, representing 16% of its equity share capital, from existing shareholder Mr. Balavignesh Subramani.
• Cost of acquisition: INR 60 crore (subject to closing adjustments), in cash.
• To be effected on or before September 30, 2026; no governmental or regulatory approvals applicable.
• The company states this is not a related party transaction, as the seller is not a related party.
• Stated object: increasing ownership and economic interest in the material subsidiary and participating more significantly in its future growth.

About the target

Buildmex-Infra, incorporated on July 26, 2021, trades, procures, supplies and distributes raw materials for infrastructure, buildings and construction. Reported turnover: Rs 17.93 crore in 2023-24, Rs 70.36 crore in 2024-25 and Rs 179.03 crore in 2025-26.

Corporate Guarantee

• The company will provide a Corporate Guarantee in respect of NCDs of up to ₹20 Crore to be issued by Lionheart Trading Private Limited (formerly Arisinfra Trading Private Limited), a wholly owned and material subsidiary, in favour of Texterity Private Limited.
• The NCDs are described as Senior, Secured, Unrated, Unlisted and Redeemable.
• Terms are governed by a Term Sheet and definitive transaction agreements.
• Promoter/promoter group have no interest; provided on an arm's length basis.

How to read it

A corporate guarantee is a promise to repay if the subsidiary cannot. The company describes it as a contingent liability, and since the guarantee is for a wholly owned subsidiary that is part of the consolidated group, it says there is no impact on the company at this point. The Buildmex purchase is a cash outflow that raises the parent's economic interest in an already-consolidated subsidiary.

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