Bhagyanagar India Limited — JV/Acquisition, 12-03-2025: Acquisition

Bhagyanagar India Limited has acquired a 51% stake in Surana Electrix Private Limited for a cash consideration of ₹5.1 lakh (5.10 Cr). This acquisition facilitates the company’s entry into the solar energy sector, allowing it to engage in the trading, distribution, and manufacture of solar energy-related products and the execution of various solar projects. Despite Surana Electrix’s current turnover being nil, this strategic move is aimed at diversifying Bhagyanagar's business portfolio and positioning it for future growth in the renewable energy space, which could enhance shareholder value over time.