RRIL Ltd increased its ownership in Sumati Spintex Private Limited to 75% following the completion of an additional share purchase on July 22, 2026. The company acquired 29,87,500 equity shares of Rs.10/- each, representing an additional 25% stake, from existing shareholders. With this transaction, Sumati Spintex Private Limited has become a subsidiary of RRIL Ltd.

The acquisition was executed pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This update follows an earlier disclosure made by the company on July 11, 2026.

Transaction Details

The acquisition details are summarized below:

The information regarding the completion of the acquisition has been disseminated on the company's official website.

RRIL Ltd will increase its control over Sumati Spintex Private Limited by acquiring an additional 25% stake for ₹3.11 Cr, raising its total shareholding to 75%. The Board of Directors approved the proposal on July 11, 2026, to purchase 29,87,500 equity shares of ₹10 each from existing shareholders. This strategic move aims to strengthen greater control for better integration of business activities within the yarn manufacturing sector.

The acquisition is classified as a related party transaction as the target company shares common promoters and directors with RRIL Ltd. The equity shares are being acquired from the promoters and promoter group of the company. The transaction will be conducted at an arm's length price, ensuring fairness despite the related party nature. No specific governmental or regulatory approvals are required for this deal.

Sumati Spintex Private Limited, incorporated on March 29, 2013, operates as a manufacturer of yarn with an annual production capacity of approximately 5 lakh tons. The entity reported a turnover of ₹14,841.82 Lakhs in FY 2025, compared to ₹15,062.44 Lakhs in FY 2024 and ₹14,144.62 Lakhs in FY 2023. The company operates solely within India.

Post-acquisition, RRIL Ltd will hold up to 89,62,500 equity shares, representing 75% of the paid-up capital of Sumati Spintex Private Limited. This holding will be achieved through the acquisition of 66,92,500 equity shares (56%) from existing shareholders and the existing 22,70,000 equity shares (19%) held by its wholly-owned subsidiary, Raj Rajendra Industries Limited. The deal is expected to be finalized by September 30, 2026.

Acquisition Details

Financial Performance of Sumati Spintex