Hind Aluminium Industries Approves Rs 1.25 Crore Acquisition of Elesar Focchi Business
Published on: Feb. 4, 2026, 11:48 a.m. | Source: scanx.trade
Hind Aluminium Industries board approved acquiring Nirav Commercials' aluminium business "Elesar Focchi" for Rs 1.25 crore via slump sale. The target business, manufacturing aluminium grills, doors and windows, reported Rs 9.73 crore turnover in FY25. As a material related party transaction with promoter group, it requires shareholder approval through postal ballot, with completion expected by March 31, 2026.
