Deed of Adherence executed for 8-share purchase in Beroe Consulting India
R&B Denims Ltd has executed a Deed of Adherence to a Shareholders' Agreement dated August 11, 2026, relating to an investment in Beroe Consulting India Private Limited.
By ScoutQuest · · 2 min read
- Shares Acquired
- 8 equity shares of ₹100/- each
- Price per Share
- ~₹ 68.88 lakh per share
- Total Consideration / Stake
- total ~₹ 5.51 crore; about 0.13% of Beroe's share capital
The transaction at a glance
R&B Denims Ltd has signed on to a Shareholders' Agreement through a Deed of Adherence. The Shareholders' Agreement itself is dated August 11, 2026, and the Deed of Adherence was executed on October 24, 2026. In simple terms, the company is formally agreeing to be bound by the terms of that agreement and will be treated as part of the relevant Investor Group under it.
What is being bought
- 8 equity shares of ₹100/- each of Beroe Consulting India Private Limited
- Seller: Incred Wealth and Investment Services Private Limited, described in the update as a promoter of Beroe Consulting India Private Limited
- Price per share: ~₹ 68.88 lakh
- Total consideration: ~₹ 5.51 crore
- Resulting stake: approximately 0.13% of the share capital of Beroe Consulting India Private Limited
The face value of each share is ₹100/-, while the purchase price is ~₹ 68.88 lakh per share. The stake being bought is a small minority position in an unlisted private company.
Why the company says it is doing this
The update states the purpose is investment of surplus funds. It also states that the parties to the deed are not related to the company's promoter, promoter group or group companies in any manner, and that the transaction does not fall within related party transactions.
What the company gets, and does not get
- The company acquires the shares and becomes part of the relevant Investor Group under the Shareholders' Agreement
- No special rights have been provided to the company, so the update does not describe any right to appoint directors, any first right to subscribe to future share issuance, or any right to restrict changes in Beroe's capital structure
Parties named in the deed
The seller Incred Wealth and Investment Services Private Limited (promoter of the investee company), the investee company Beroe Consulting India Private Limited, R&B Denims Ltd, and other investors are the parties to this deed.
Board meeting
The board meeting at which this was taken up commenced at 03.00 PM and concluded at 04.20 PM.
What a retail investor can take away
- A small, minority, non-controlling stake of about 0.13% is being purchased for ~₹ 5.51 crore
- It is described as deployment of surplus funds, not a change in the company's core denim business
- The purchase carries no special rights, so it does not bring board representation or protective covenants as per the update
- The shares are being bought from a promoter of the investee company, and the company has stated the parties are not related to its own promoters
Also from R&B Denims
ED search conclusion date revised to October 17, 2026
19 Oct 2026
Enforcement Directorate search at company office and promoter premises; no material impact stated
17 Oct 2026
Subsidiary Ricon Industries commences commercial production of polyester yarn; ~Rs. 25 crores invested
30 Sep 2026
More numbers
- Equity shares acquired in Beroe Consulting India8 (Eight) Equity Shares
- Face value per share₹100/- each
- Purchase price per share₹ 68,88,352/- per share
- Total aggregate consideration₹ 5,51,06,816/-
- Stake in Beroe Consulting India share capital0.13%
- Size of agreementRs. 5,51,06,816/-
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