Srivasavi Adhesive Tapes Limited — Board Meeting, 23-07-2025: Outcome of Board Meeting

Srivasavi Tapes' Board approved a strategic move to acquire 100% equity in Aneel Coating And Polymers Pvt Ltd for cash. This acquisition expands Srivasavi into plastics and coatings, including paints and adhesives, opening new growth avenues. Aneel Coating's turnover was Rs 6.36 Cr (FY23), Rs 5.36 Cr (FY24), and Rs 3.75 Cr (FY25 provisional). The deal involves related parties, with completion expected within 10 days.