Belding India Ltd has incorporated a joint venture company, Belding HD India Private Limited, with HD Fabcon Private Limited, to expand its presence in the Battery Energy Storage System and Renewable Energy sectors. The new entity was incorporated on June 22, 2026, in India. This strategic move aims to leverage the combined capabilities of both partners to identify, secure, and manage large-scale projects in the renewable energy domain.

The joint venture will utilize the business development and market access capabilities of HD Fabcon Private Limited alongside the execution, operational, project management, and manufacturing strengths of Belding India Ltd and its group entities. The partnership is structured to develop scalable business opportunities and foster long-term strategic customer relationships.

Belding India Ltd holds a 55% stake in the newly formed subsidiary, while HD Fabcon Private Limited holds the remaining 45%. The initial subscription to the equity shares was made through cash consideration. The shareholding structure positions Belding India as the majority stakeholder in the venture.

The incorporation was disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no specific governmental or regulatory approvals were required for the incorporation of this entity.

Joint Venture Details

Mr. Bhavesh Dadhia, a promoter of Synthiko Foils Limited, has disclosed the complete sale of his equity stake in the company under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) regulations. The disclosure was submitted to the Bombay Stock Exchange on August 22, 2025, following the completion of the transaction.

Transaction Details

The sale involved Dadhia's complete divestment of 1,63,800 equity shares, representing 9.41% of Synthiko Foils Limited's total share capital. The transaction was executed through an off-market arrangement under a Share Purchase Agreement dated May 2, 2025.

Shareholding Changes

Prior to this transaction, Dadhia held 1,63,800 shares representing 9.41% of the company's voting capital. Following the complete sale, his shareholding has been reduced to nil, marking his complete exit from the equity structure of Synthiko Foils Limited.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Amendment Regulations, 2013. Dadhia submitted a revised disclosure on March 7, 2026, addressing a query from the exchange dated March 6, 2026, regarding discrepancies in the original filing.

Company Information

Synthiko Foils Limited maintains its equity share capital at 17,40,000 equity shares of ₹5 each, with no changes to the total share capital following this transaction. The company's shares are listed on the Bombay Stock Exchange. The disclosure identifies Dadhia's Persons Acting in Concert (PAC) as Yogesh Dadhia, Neha Dadhia, Urmila Ramesh Dadhia, and Ramesh Dadhia.