Sandhar Technologies Limited — Important, 27-03-2025: Updates

Sandhar Technologies Limited has entered into a Business Transfer Agreement with Sundaram-Clayton Limited to acquire its High Pressure and Low Pressure Aluminium Die Casting Business at the Hosur Plant for a cash consideration of INR 163 Crores. This acquisition aims to strengthen the operations of Sandhar Ascast Private Limited, a wholly owned subsidiary. The target business, integral to the auto component industry, generated a turnover of INR 368.99 Crores in FY 22-23 and INR 357.1 Crores in FY 23-24, with FY 24-25 showing a turnover of INR 371.84 Crores up to February 2025. Completion of the acquisition is expected by March 31, 2025, pending certain conditions. This move presents a positive growth opportunity for Sandhar, enhancing its manufacturing capabilities in a key segment of the automotive supply chain.