Aesthetik Engineers Limited — JV/Acquisition, 07-01-2025: Acquisition

Aesthetik Engineers Limited has announced a board meeting to approve the acquisition of a 100% stake in Solisys Solar Private Limited for Cr 39 (at Rs. 13 per share), which is set to become a wholly owned subsidiary. The acquisition aims to expand the company's business into the solar industry. Solisys Solar, incorporated in February 2024, provides strategic alignment and growth potential for Aesthetik. The transaction falls under related party transactions, conducted on an arm's-length basis, with completion expected in FY 2024-25.