Indef Manufacturing Limited — Board Meeting, 30-07-2025: Outcome of Board Meeting

Indef Manufacturing's board has approved a strategic acquisition: an 80% stake in Daedalus Lift & Access Equipments Private Limited for 5.07 Cr in cash. This move, expected to close by October 30, 2025, is aimed at expanding Indef's product portfolio in the Mobile Elevating Work Platforms and Material Handling sectors. Daedalus, which reported a turnover of 6.71 Cr (and a loss of 1.90 Cr) in FY25, will become a subsidiary, strengthening Indef's market presence.