V-Guard Industries Limited — JV/Acquisition, 29-07-2025: Amalgamation/Merger

V-Guard Industries has approved the merger of its wholly-owned subsidiary, Sunflame Enterprises Private Limited. This strategic move aims to leverage synergies and optimize resources like R&D expertise and technical know-how. Sunflame recorded a turnover of ₹254.39 Cr and profit after tax of ₹3.29 Cr in FY24-25. As Sunflame is a wholly-owned subsidiary, there will be no share exchange ratio or change in V-Guard's existing shareholding pattern, meaning no dilution for current shareholders. This integration is expected to benefit V-Guard's overall business operations.