Srivasavi Adhesive Tapes Limited — Important, 23-07-2025: Updates

Srivasavi Tapes' board has approved the 100% acquisition of Aneel Coating and Polymers Private Limited for approximately Rs. 1.13 Cr in cash. This strategic move aims to expand Srivasavi's business into plastics and coatings, including paints and adhesives. Aneel Coating's provisional turnover for FY25 was Rs. 3.75 Cr, down from Rs. 5.36 Cr (FY24) and Rs. 6.36 Cr (FY23). Note: The acquisition involves related parties, with common directors on both boards, but is stated to be at arm's length.