Bengal & Assam Company Ltd — Important, 19-11-2025: Company Update

Bengal & Assam Company (BACL) and its subsidiary JK Fenner (India) Limited (JKFIL) are making a strategic cash investment by acquiring 40 lakh equity shares in Cavendish Industries Limited (CIL) from JK Tornel. The total consideration for this acquisition is Rs. 130.64 Crores. BACL will purchase 6 lakh shares for Rs. 19.60 Crores, gaining a 1% stake, while JKFIL will acquire 34 lakh shares for Rs. 111.04 Crores, representing a 5.67% stake in CIL. CIL, operating in Tyres & Rubber Products, will remain a subsidiary of JK Tyre. The acquisition is expected to finalize by November 30, 2025.