V-Guard Industries Limited — JV/Acquisition, 10-03-2026: Acquisition

V-Guard Industries is making a further investment of ₹25.00 Cr in its associate company, Gegadyne Energy Labs (GEL). This increases V-Guard's holding to 30.35% (fully diluted). GEL operates in the Energy Storage sector, developing alternate battery technology promising lower cost, longer life, and faster recharge. This strategic move gives V-Guard access to advanced battery tech for future applications like DUPS/Energy Storage and potential integration into existing products. While GEL has no commercial operations yet (FY25 other income: ₹0.30 Cr), this is a long-term play on future tech.