Bharatam Ventures completes acquisition of Penganga Sakhar Karkhana
Bharatam Ventures Limited has completed the acquisition of a 99.9987% stake in Penganga Sakhar Karkhana Private Limited for ₹1,79,99,760, making it a subsidiary. The acquisition involves 1,49,998 shares bought at ₹120 each, aiming to diversify into the sugar and agro-processing sector. The target entity reported a turnover of Rs. 8,352.89 Lakhs in FY 2025-26.
*this image is generated using AI for illustrative purposes only.
Bharatam Ventures Limited has successfully completed the acquisition of a 99.9987% equity stake in Penganga Sakhar Karkhana Private Limited for ₹1,79,99,760, marking its entry into the sugar manufacturing and allied agro-processing industry. The transaction was executed in accordance with the terms of the Share Purchase Agreement, fulfilling all contractual obligations and customary closing conditions. Consequently, Penganga Sakhar Karkhana Private Limited has become a subsidiary of Bharatam Ventures Limited with effect from the date of completion.
The acquisition involves the purchase of 1,49,998 Equity Shares at a price of ₹120 per Equity Share. This strategic investment is intended to diversify Bharatam Ventures Limited's business portfolio and provide long-term business opportunities and operational synergies within the sugar sector. The company confirmed that the transaction was completed on an arm's length basis and does not constitute a related party transaction.
Acquisition Details
The disclosure regarding the completion was submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no further governmental or regulatory approvals are pending, other than standard post-closing statutory compliances.
| Particulars | Details |
|---|---|
| Target Entity | Penganga Sakhar Karkhana Private Limited |
| Industry | Sugar Manufacturing and Allied Agro Processing Industry |
| Shares Acquired | 1,49,998 Equity Shares |
| Stake Acquired | 99.9987% of paid-up equity share capital |
| Consideration | ₹120 per Equity Share |
| Total Cost | ₹1,79,99,760 |
| Nature of Consideration | Cash |
Financial Overview of Target Entity
Penganga Sakhar Karkhana Private Limited continues its operations in India, focusing on sugar manufacturing and allied agro-processing activities. The turnover details for the target company over the past three financial years are as follows:
| Financial Year | Turnover (Rs. in Lakhs) |
|---|---|
| FY 2025-26 | 8,352.89 |
| FY 2024-25 | 3,368.57 |
| FY 2023-24 | 1,404.00 |
The company stated there has been no material modification in the terms and conditions of the transaction as previously disclosed in its intimation dated May 28, 2026.
Historical Stock Returns for Pet Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How does Bharatam Ventures plan to fund the operational expansion required to sustain Penganga Sakhar Karkhana's rapid revenue growth?
What specific operational synergies does Bharatam Ventures expect to realize by integrating this agro-processing unit into its existing portfolio?
Will Bharatam Ventures pursue further acquisitions or capital expenditures to increase capacity in the sugar manufacturing sector?
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