Danube Industries Ltd — Important, 11-12-2025: Company Update

Danube Industries' Board has provisionally approved acquiring a controlling stake of approximately 51% in JCR Fashion Retail Private Limited, making it a subsidiary. JCR Fashion Retail operates in the retail of personal and household goods. This strategic move aims for expansion and diversification for Danube. The acquisition is expected to conclude within nine months. JCR Fashion Retail reported a turnover of ₹125.38 Cr in FY 2023-24 and ₹86.27 Cr in FY 2024-25, highlighting its established presence in the retail sector.