Libas Consumer Products Limited has proposed acquiring a 51% equity stake in LA Rambla Lifestyle Private Limited for up to ₹1.5 crore. The acquisition, to be executed in one or more tranches via cash consideration, targets an entity engaged in the e-commerce business of handbags. This strategic move aims to transition Libas Consumer toward a diversified, multi-engine growth model to maximize long-term stakeholder wealth.

The Board has approved an investment limit of ₹1.5 crore for the 51% equity stake. A Shareholders Agreement will be executed between Libas Consumer and the investee company to finalize the terms. The transaction will not fall under related party transactions, although LA Rambla Lifestyle will become a subsidiary and consequently a related party post-acquisition.

No Indian governmental or regulatory approvals are required for the acquisition. The indicative time period for completion will be determined as per the terms and conditions agreed upon in the Shareholders Agreement. The investment will be made based on the valuation arrived at for the target entity.

LA Rambla Lifestyle Private Limited was incorporated on March 15, 2018, in India. The target entity operates in the e-commerce business of handbags. Its financial performance over the last three years shows fluctuations in turnover and profitability.

The financial summary of LA Rambla Lifestyle Private Limited for the past three years (₹ in lakh) is detailed below:

The disclosure was made to the National Stock Exchange of India Ltd. on June 8, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Riyaz Eqbal Ahmed Ganji, Managing Director of Libas Consumer Products Limited.

Libas Consumer Products Limited has appointed M/s Sabadra & Associates, Chartered Accountants as its internal auditor for the financial year 2026-2027. The appointment, effective from June 2, 2026, was approved by the Board of Directors based on the recommendation of the Audit Committee. The firm is not related to any directors of the company.

Appointment Details

The decision was taken during a board meeting held on June 2, 2026. M/s Sabadra & Associates replaces the previous incumbent and will serve for the duration of the upcoming financial year.

Firm Profile

M/s Sabadra & Associates is a professional firm providing consulting and advisory services. Its offerings include Risk Advisory, Consulting, Financial Advisory, Tax, and Audit & Assurance Services. The firm utilizes a team with domain expertise and a robust audit process to ensure compliance with regulatory and accounting requirements.