Shanti Spintex Ltd — Updates, 09-05-2025: Company Update

Shanti Spintex Limited has announced a board meeting approving the acquisition of 100% equity shares of Teesta Spintex Private Limited, making it a wholly owned subsidiary. The transaction, based on an independent valuation, is priced at Rs. 15 per share and will be settled via bank transfer. It is conducted at arm’s length and does not require shareholder approval. This move strengthens Shanti Spintex’s control and integration of related entities, potentially enhancing operational synergies under common management.