Commercial Syn Bags Limited — Important, 12-04-2025: Disclosure of material issue

Comsyn India Private Limited, a wholly owned subsidiary of Commercial Syn Bags Limited, has entered into a Share Purchase Agreement to acquire 9,50,000 equity shares of Erawat Vegcap Private Limited. This acquisition will make Erawat Vegcap a wholly owned subsidiary of Comsyn India. The total consideration for the shares amounts to ₹4.99 crore, with an initial payment of ₹1.25 crore made upfront for 25% of the shares, followed by the transfer of the remaining shares upon payment by May 15, 2025. Erawat Vegcap, established in April 2022, has yet to commence business operations and has reported no revenue since its inception. This strategic acquisition aligns with the company's growth objectives, providing potential future synergies in the plastic products and healthcare sectors. Investors should watch closely for developments in this acquisition as it may influence the company’s strategic direction.