Jagan Lamps Limited has announced a strategic acquisition of halogen lamp manufacturing machinery from Tungsram Operations Kft. Hungary, marking a significant step toward enhancing its manufacturing capabilities and operational efficiency. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on April 23, 2026.

Strategic Acquisition Details

The acquisition involves the purchase of machinery specifically designed for manufacturing halogen lamps, which will substantially boost the company's production capacity. This strategic move is aimed at capacity expansion and strengthening manufacturing capabilities to meet growing market demand in the lighting segment.

Transaction Structure

The acquisition represents a pure asset purchase rather than an equity transaction, with the company clarifying that it does not involve acquisition of shares or a business entity. The transaction falls outside the ambit of related party transactions, with no promoter or group company interest in the seller.

Key transaction characteristics include:

• Nature of Deal: Asset acquisition (machinery only)
• Related Party Status: Not a related party transaction
• Consideration Details: Undisclosed
• Acquisition Cost: Undisclosed

About Tungsram Operations

Tungsram Operations Kft. brings significant heritage to this transaction as an iconic European lighting brand that was previously acquired by GE Lighting's Europe division. The company established itself as a premium lighting solutions provider across multiple segments including indoor and outdoor applications, traditional lamps, automotive lighting, and drivers & transformers.

Strategic Impact and Vision

This acquisition aligns with Jagan Lamps Limited's broader strategic vision of promoting green innovation and advancing sustainable development goals. The enhanced manufacturing capacity is expected to positively impact the company's long-term growth prospects while reinforcing its position in the competitive lighting segment.

The collaboration also represents a meaningful contribution to fostering stronger bilateral economic and industrial ties between Hungary and India, supporting international cooperation and technology exchange in the manufacturing sector. The company has committed to maintaining compliance with all regulatory requirements and will keep stakeholders informed of any further material developments related to this acquisition.

Jagan lamps Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories & Participants) Regulation, 2018. The certificate, dated April 06, 2026, pertains to the quarter ended March 31, 2026 and was signed by Company Secretary and Compliance Officer Hardik Gujar.

Regulatory Compliance Certificate

The certificate was issued by Mas Services Limited, the company's appointed Registrar and Share Transfer Agent. The document confirms compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Dematerialization Process Confirmation

Mas Services Limited confirmed that all securities received from Depository Participants for dematerialization during the reporting period were processed within regulatory timelines. The registrar verified that:

• Securities received for dematerialization were confirmed (accepted/rejected) to the Depositories within 15 days of receipt
• Physical security certificates were properly mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the 15-day timeframe
• Updates were communicated to the Depository and all Stock Exchanges where securities are listed within the prescribed time limit

Company Information

Jagan Lamps Limited operates from its registered office at Narela Piao Manihari Road, Kundli, District Sonipat, Haryana. The company trades on BSE under scrip code 530711 and maintains its corporate identification number as L31501HR1993PLC033993.

Regulatory Framework

The submission fulfills mandatory requirements under SEBI regulations governing depositories and participants. Regulation 74(5) mandates regular certification of dematerialization processes to ensure investor protection and market integrity. The certificate serves as formal confirmation that the company and its registrar have adhered to prescribed timelines and procedures for processing dematerialization requests during the specified quarter.