Board defers proposed acquisition of associate company's shares pending valuation report

The Board considered the proposed acquisition of equity shares of Asawara Earthtech Limited, an Associate Company.

Wed 30 Sep 2026

Acquisition Target

Asawara Earthtech Limited (Associate Company)

Board Decision

No decision taken; deferred pending valuation report

Next Step

Management to obtain Valuation Report from Registered Valuer

Meeting Duration

5.30 PM to 6.15 PM

What was discussed

Following an earlier intimation, the Board took up the agenda relating to the proposed acquisition of equity shares of Asawara Earthtech Limited (AEL), described as an Associate Company.

What was decided

• After deliberation, the Management has been advised to obtain a Valuation Report from a Registered Valuer.
• The purpose is to determine or assess the appropriate valuation of the equity shares and to enable further consideration of the transaction under applicable laws.
• The matter will be placed before the Board again once the Valuation Report and other relevant information or documents are received and reviewed.

How to read this

This is a procedural step rather than a completed transaction. The acquisition remains at the proposed stage, and terms such as the number of shares, stake size and consideration would follow later Board consideration.

Meeting timing

The meeting commenced at 5.30 PM and concluded at 6.15 PM.

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