Rudra Gas Enterprise Limited has announced a significant strategic acquisition, entering into a Share Purchase Agreement on March 31, 2026, to acquire a 71% stake in DS Pipeline Projects Limited (DSPL). The transaction involves the purchase of 87,53,730 equity shares for a total consideration of ₹18,38,28,330.

Transaction Details

The acquisition represents a substantial investment in the gas pipeline sector, with the company set to gain majority control of DSPL through this strategic purchase. The transaction is structured as a cash consideration deal, with payment to be made through banking channels to the respective sellers.

About DS Pipeline Projects Limited

DSPL is a public limited company incorporated under the Companies Act, 2013, with corporate identification number U45309DL2019PLC355850. The company operates from its registered office at 310, 3rd Floor, Plot No. 15, Nipun Tower Commercial Center, Karkardoma, East Delhi, Delhi – 110092.

The target company specializes in gas pipeline infrastructure, focusing on:

• High-pressure steel gas pipeline laying in city areas
• Medium density polyethylene pipeline installation
• PNG (Piped Natural Gas) connections

Financial Performance Track Record

DSPL has demonstrated consistent revenue growth over the past three financial years, showcasing the strength of its business operations in the gas pipeline sector.

Strategic Rationale and Regulatory Compliance

The acquisition is designed to diversify and inorganically expand Rudra Gas Enterprise's existing business operations. The transaction does not fall within the purview of related party transactions, and the promoter/promoter group has no existing interest in DSPL.

The sellers have obtained all necessary third-party consents in connection with the transaction, with no objections or conditions that would impede the acquisition process. The proposed investment remains subject to completion of customary conditions precedent and obtaining relevant regulatory approvals as may be required under applicable laws.

Timeline and Next Steps

The acquisition is scheduled for completion on May 2, 2026, or such other date as may be mutually agreed between the parties. This date has been designated as the "Closing Date" in the definitive agreement, when Rudra Gas Enterprise will pay the total consideration to the respective sellers for the purchase of shares.

Rudra Gas Enterprise Limited has disclosed the creation of an encumbrance on equity shares held by its promoters under SEBI Takeover Regulations. The disclosure, submitted to BSE Limited on March 20, 2026, reveals significant pledging activity by the company's key promoters for financing purposes.

Promoter Share Pledging Details

Kush Sureshbhai Patel and Kashyap Sureshbhai Patel, promoters of Rudra Gas Enterprise Limited, have pledged a total of 20,33,898 equity shares to Shree Kamdhenu Financial Services Private Limited. The encumbrance was created on March 19, 2026, through a pledge arrangement.

Financial Structure and Security Cover

The pledging arrangement involves a loan amount of ₹7.00 crore against pledged shares valued at ₹13.01 crore, providing a security cover ratio of 1.85:1. The total encumbered shares represent 24.40% of the company's total share capital of 83,38,000 shares.

Regulatory Compliance and Documentation

The disclosure has been made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal communication was digitally signed by Kush Sureshbhai Patel and submitted to BSE Limited on March 20, 2026.

Promoter Shareholding Structure

The total promoter shareholding in Rudra Gas Enterprise Limited comprises 60,91,800 shares held by five promoters including Kush Sureshbhai Patel, Kashyap Sureshbhai Patel, Manjulaben Sureshbhai Patel, Avani Kush Patel, and Priyanka Kashyap Patel. This represents 73.06% of the company's total share capital.

The encumbered shares constitute 33.40% of the total promoter shareholding. While the encumbered shares represent more than 20% of the total share capital, they remain below 50% of the promoter shareholding.

Purpose and Strategic Utilization

According to the regulatory filing, the borrowed amount will be utilized for the benefit of the listed company, specifically for the acquisition of shares in another company operating in a similar vertical. This strategic move indicates the company's expansion plans within its business domain and demonstrates the promoters' commitment to growth through strategic investments.