Jayant Agro-Organics Limited has successfully completed the acquisition of shares in Vithal Castor Polyols Private Limited (VCPL). The transaction was finalized in accordance with the terms of an agreement previously intimated to the exchanges on May 11, 2026. Consequent to this acquisition, VCPL has become a subsidiary of Jayant Agro-Organics Limited .

Acquisition Details

The company acquired 40% of the total paid-up equity share capital and 80% of the total paid-up preference share capital of VCPL. The consideration for the acquisition was paid entirely in cash, amounting to ₹25,37,44,403. The acquisition is not a related party transaction, and no governmental or regulatory approvals were required for its completion.

Target Entity Profile

Vithal Castor Polyols Private Limited operates in the chemicals industry, specifically focusing on the manufacturing of Bio Polyols. The entity was incorporated on August 5, 2013, and maintains its presence in India. The acquisition is expected to enhance operational synergies, enable more focused operations, and result in a streamlined ownership structure.

Financial Performance of VCPL

The turnover of Vithal Castor Polyols Private Limited over the last three financial years is detailed below:

Jayant Agro-Organics Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has entered into a Share Purchase Agreement on May 11, 2026, to acquire equity and preference shares of Vithal Castor Polyols Private Limited (VCPL). The acquisition is being carried out through a cash consideration of ₹25,37,44,403 (Rupees Twenty-Five Crore Thirty-Seven Lakh Forty-Four Thousand Four Hundred Three Only), with the agreement executed between Jayant Agro-Organics Limited (JAOL), Mitsui Chemicals Inc. (MCI), and VCPL.

Acquisition Details

The transaction involves the purchase of shares held by MCI in VCPL. Prior to this acquisition, Jayant Agro-Organics was already holding 3,60,00,000 equity shares, representing 50% of the total paid-up equity share capital of VCPL. The key parameters of the acquisition are summarised below:

About Vithal Castor Polyols Private Limited

VCPL is engaged in the manufacturing of Bio Polyols and was incorporated on August 5, 2013. The company operates in India. The turnover of VCPL over the last three financial years is presented below:

Rationale and Impact

According to the disclosure, the acquisition is expected to enhance operational synergies and enable more focused operations, reflecting the company's greater commitment to its business. The transaction is also stated to result in a more streamlined ownership structure and enable Jayant Agro-Organics to better adapt to evolving market dynamics. The acquisition is expected to be completed immediately following the satisfaction of the conditions specified in the Share Purchase Agreement.

Agreement Structure

The Share Purchase Agreement has been executed among Jayant Agro-Organics Limited, Mitsui Chemicals Inc., and VCPL. The agreement records the terms, inter-se rights and obligations, and other connected matters in respect of the acquisition of equity and preference shares of VCPL held by MCI. No significant special rights — such as the right to appoint directors, first right to share subscription, or rights to restrict changes in capital structure — form part of the agreement. Neither MCI nor VCPL is related to the promoter, promoter group, or group companies of Jayant Agro-Organics, and the transaction does not constitute a related party transaction.