Isgec Heavy Engineering Limited — JV/Acquisition, 20-03-2025: Acquisition

ISGEC has completed an additional equity infusion of Rs. 5 Crore in its joint venture, Isgec Titan Metal Fabricators Private Limited. This capital increase, comprising 2,00,000 fully paid shares at an issue price of Rs. 250 each, aims to fund the expansion of manufacturing capabilities. Post-allotment, ISGEC's ownership in the joint venture remains at 51%, with no changes in shareholding percentages. This strategic move is expected to enhance operational capacity in the corrosion-resistant process equipment sector, benefiting Isgec Titan's growth trajectory and potential market position in various industries.