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

RRIL Limited reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, on May 29, 2026. The company recorded a consolidated net profit of ₹868.97 lakh for the fiscal year, a significant increase from ₹200.54 lakh in the previous year. For the quarter ended March 31, 2026, the consolidated net profit after tax stood at ₹204.38 lakh. Total income from operations for the consolidated entity was ₹12,200.50 lakh for the quarter and ₹3,051.14 lakh for the year.

On a standalone basis, the company reported a net profit after tax of ₹30.69 lakh for the quarter and ₹31.48 lakh for the year ended March 31, 2026. Total income from operations for the standalone entity was ₹40.93 lakh for the quarter and ₹274.05 lakh for the year. The Board of Directors reviewed and approved the financial results at their meeting held on May 29, 2026.

The newspaper advertisement for the audited financial results was published in the Financial Express and Mumbai Lakshdeep on May 30, 2026. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed financial results are available on the company's website and the BSE website.

Financial Summary

The earnings per share (EPS) on a consolidated basis for the year ended March 31, 2026, was ₹0.71 on a basic and diluted basis (face value of ₹5 per share). The equity share capital remained unchanged at ₹6,060.71 lakh during the period.