Board approves subscription of 15,00,000 equity shares of Osiyaa Polypacks at Rs. 10 each
Board meeting on 14 October 2026 approved an investment in M/s. Osiyaa Polypacks Limited.
By ScoutQuest · · 2 min read
- Shares Subscribed
- 15,00,000 equity shares at Rs. 10/- per share
- Total Investment Cost
- Rs. 1,50,00,000/-
- Post-Investment Holding
- 25,29,000 equity shares, about 33.72% of the paid-up equity share capital
Board approves stake in Osiyaa Polypacks
Getalong Enterprise Ltd's board met on 14 October 2026 and approved an investment in M/s. Osiyaa Polypacks Limited. The company is to invest in 15,00,000 equity shares at Rs. 10/- per share, a total cost of Rs. 1,50,00,000/- (One Crore Fifty Lakhs only). The consideration is cash.
The shares are to be subscribed under the proposed preferential allotment by Osiyaa Polypacks Limited.
Holding after the investment
- The 15,00,000 shares come by way of the proposed preferential allotment.
- That takes Getalong's aggregate holding to 25,29,000 equity shares, representing approximately 33.72% of the paid-up equity share capital of the target company.
About the target company
- Osiyaa Polypacks Limited is in the business of manufacturing PP granules to PP tapes, woven fabrics, unlaminated/laminated woven sacks and bags.
- It was incorporated on 08/12/2022 and operates in India.
- Turnover: Rs. 25,78,131.33 for F.Y. 2024-25 and Rs. 4,51,84,406.52 for F.Y. 2025-26.
Related party angle
- The transaction falls within related party transaction and is done at arm's length.
- Members' approval for investing in Osiyaa Polypacks Limited was taken at the Annual General Meeting held on 29 September 2025 and at the Annual General Meeting held on 24 September 2026, and the approval for making investments in other body corporates was accorded at the Annual General Meeting held on 24 July 2021.
Timeline and approvals
- The acquisition is expected to be completed by 31 December 2026.
- No government or regulatory approvals are contemplated to be required for the acquisition.
- The board meeting commenced at 03.00 p.m. and concluded at 03.30 p.m.
What the company says the investment is for
- The disclosure states the acquisition aligns with the company's long-term strategy of diversifying its portfolio while investing in sectors that demonstrate both stability and growth potential.
- The stated intention is to nurture and expand this business and create value for stakeholders.
More numbers
- Equity shares of Osiyaa Polypacks to be invested in15,00,000
- Price per equity shareRs. 10/-
- Total cost of acquisitionRs. 1,50,00,000/-
- Aggregate shares held after the investment25,29,000 equity shares
- Shareholding in target after the investment33.72%
- Target turnover F.Y. 2024-25Rs. 25,78,131.33
- Target turnover F.Y. 2025-26Rs. 4,51,84,406.52
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