Beezaasan Explotech Ltd — Board Meeting, 30-06-2025: Board Meeting

Beezaasan Explotech Limited has announced a board meeting on which it approved acquiring the remaining 49% equity shares of its subsidiary, Asawara Industries Limited (AIL), to increase its stake to 100%, making AIL a wholly-owned subsidiary. AIL operates in the chemical manufacturing sector, specifically dealing with organic and inorganic chemicals like calcium nitrate and sodium nitrate. The acquisition is an arm’s-length related party transaction with the same promoter group, involving cash consideration based on a valuation per the Income Tax Act. This move supports Beezaasan’s plan to expand its business footprint through full control of AIL.