Arisinfra Solutions Limited board of directors, in a meeting held on September 28, 2026, approved the acquisition of a 16% equity stake in its material subsidiary, Buildmex-Infra Private Limited (BIPL), for ₹60 crore.

The transaction involves purchasing 16,000 equity shares from existing shareholder Balavignesh Subramani. The company stated that the acquisition aims to increase its ownership and economic interest in BIPL, allowing it to participate more significantly in the subsidiary's future growth opportunities. The acquisition is expected to be completed on or before September 30, 2026.

Acquisition details and target performance

Buildmex-Infra Private Limited operates in the infrastructure and construction materials trading and supply sector. The company was incorporated on July 26, 2021. The filing disclosed that the proposed acquisition does not fall under related party transactions, as the seller is not a related party of Arisinfra Solutions.

The target entity has demonstrated rapid revenue expansion over the last three fiscal years. The following table outlines the turnover figures provided in the disclosure:

Corporate guarantee for Lionheart Trading

In addition to the stake acquisition, the board approved providing a corporate guarantee for the issuance of senior, secured, unrated, unlisted, redeemable non-convertible debentures (NCDs) by Lionheart Trading Private Limited (LTPL). LTPL, formerly known as Arisinfra Trading Private Limited, is a wholly owned material subsidiary of Arisinfra Solutions.

The guarantee covers NCDs up to ₹20 crore issued in favor of Texterity Private Limited. The company clarified that this guarantee constitutes a contingent liability. Since LTPL is part of the consolidated group, the filing noted that there is no immediate impact on the listed entity's standalone financials at this point. The transaction is governed by a term sheet and definitive agreements executed between the parties.

What the numbers show

A comparison of the acquisition cost against the target's recent financial trajectory reveals the valuation context. Arisinfra is paying ₹60 crore for a 16% stake, implying an enterprise value of approximately ₹375 crore for BIPL. This valuation comes after BIPL reported a turnover jump from ₹70.36 crore in FY25 to ₹179.03 crore in FY26. The data indicates that the parent company is consolidating control over a subsidiary that has scaled its top line more than 2.5 times in the most recent fiscal year.

Arisinfra Solutions disclosed that promoter Siddharth Bhaskar Shah acquired 4,05,000 equity shares in the open market on September 18, 2026. The acquisition was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The purchase increases Mr. Shah's individual shareholding from 2.56% to 3.06% of the total voting capital. Consequently, the combined holding of the promoter group, including persons acting in concert (PAC), rises from 19.90% to 20.40%.

Acquisition Details

Mr. Shah, based in Brussels, executed the buy-through in the open market. The total equity share capital of the company remains unchanged at 8,17,93,846 equity shares with a face value of ₹2 each.

Persons Acting in Concert

The disclosure lists several entities and individuals as part of the PAC group alongside Mr. Shah. These include the Aspire Family Trust, Priyanka Shah Family Trust, Arpi Shah Family Trust, and Mrs. Arpi Atul Mehta. Ms. Jasmine Bhaskar Shah is listed jointly with both Mr. Siddharth Bhaskar Shah and Ms. Priyanka Bhaskar Shah. Ms. Priyanka Bhaskar Shah and Ms. Manori Atul Mehta are also included in the concert party.

No encumbrances, pledges, or convertible securities were involved in this transaction. The company has submitted the disclosure to both the National Stock Exchange of India Limited and BSE Limited for record.