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Banco Products (India) Ltd. has approved the acquisition of the coating and planting business of Padra Coating Works LLP for ₹25.25 lakh on a slump sale basis. This strategic move aims to enhance quality control over critical components supplied to OEMs, ensuring adherence to high delivery standards. The transaction is expected to be finalized by June 30, 2025, subject to customary conditions and definitive agreements. Additionally, the Board has declared an interim dividend of ₹11 (550%) per share and appointed two new independent directors for five-year terms, reflecting the company’s commitment to governance and shareholder returns.