Manbro Industries Ltd — Others, 10-07-2025: Others

Manbro Industries Limited has announced a board meeting on which it approved a ₹25 Cr investment to acquire 51% stake in Shivam Pipe Industries, a manufacturer of MS pipes and tubular steel products with a turnover of ₹60.20 Cr in FY23-24. It also approved a ₹7.5 Cr investment for a 26% stake in K D Ecosystem, a vehicle scrappage facility with ₹20.98 Cr turnover in FY23-24. Additionally, the company will acquire 99.90% of K D Infrastructures Private Limited, a new entity focused on fabricated steel products, through a ₹9.9 Cr equity infusion. The corporate office is established in Guwahati, Assam, and the books of accounts will be maintained there.