Solar Industries India Limited will host an investor conference call on September 15, 2026, at 10:30 am IST. The session aims to discuss the proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited.

The company issued the intimation pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ICICI Securities Limited has been appointed to host the event.

Management Participation

Key executives from Solar Industries will participate in the discussion. The management team includes:

• Manish Nuwal, Managing Director & CEO
• Suresh Menon, Executive Director
• Milind Deshmukh, Executive Director
• Moneesh Agarwal, Joint CFO
• Shalinee Mandhana, Joint CFO

Call Details

Investors can access the call via universal or toll-free numbers. A Diamond Pass registration link is also available for participants.

For clarifications, investors may contact the designated coordinators at ICICI Securities.

Solar Industries has entered into a definitive agreement to acquire 100% of South Africa-based Omnia Holdings Limited for ₹12,951 crore in cash. The transaction, signed on September 14, 2026, involves Solar SA Investments Proprietary Limited, a wholly owned step-down subsidiary, acquiring all outstanding shares of Omnia.

The deal is subject to customary closing conditions, including regulatory approvals and shareholder consent from Omnia. Completion is expected in early to mid-2027. Upon successful completion, Omnia will be delisted from the Johannesburg Stock Exchange and A2X Markets securities exchange.

Strategic Rationale

The acquisition aims to create one of the largest integrated explosives and blasting solutions platforms globally. Omnia operates in 23 countries with over 70 distribution centres, serving customers in more than 40 countries including Australia, the United States, Canada, Brazil, and Indonesia.

Solar Group has expanded its African presence since 2010, starting with a manufacturing facility in Zambia. It entered South Africa in 2015 via a distribution platform and commissioned a manufacturing facility in Middelburg in 2017. In 2024, Solar acquired ProBlast, a local company specializing in open-cast mining and blasting services.

Operational Integration

Omnia’s Mining business, operating under the BME brand, provides expertise in bulk explosives, electronic detonation systems, and digital blasting solutions. Its Agriculture segment offers crop nutrition products through its proprietary Nutriology® model and Agribio biological solutions.

A key component of the deal is Omnia’s integrated manufacturing infrastructure, including nitric acid and ammonium nitrate production facilities. Omnia recently doubled its ammonium nitrate storage capacity with a new 5,000-tonne storage tank. These assets are expected to enhance vertical integration and supply security for Solar’s explosives value chain.

Financial Overview

Omnia reported revenue of approximately US$1.41 billion for the fiscal year ended March 31, 2026. The company maintains a net cash-positive position.

What the Numbers Show

The acquisition price of ₹12,951 crore represents roughly 96% of Omnia’s FY26 revenue of US$1.41 billion. This valuation multiple suggests the premium is driven by strategic access to Omnia’s established distribution network across 23 countries and its vertically integrated manufacturing capabilities, rather than immediate earnings multiples alone. The target’s net cash-positive balance sheet further mitigates near-term integration financial risks.

Management Commentary

Manish Nuwal, Managing Director and CEO of Solar Group, stated that the transaction marks a milestone in becoming a global leader in explosives and blasting solutions. He highlighted Omnia’s differentiated technologies and deep customer relationships as key attractions.

"The acquisition will create the most integrated global blasting platform," Nuwal said. "Together, the combined group will be positioned to offer the most integrated blasting solutions, creating meaningful competitive advantages through enhanced supply security and greater economies of scale."

Benefits from the expanded footprint are expected to become visible from FY2028, potentially increasing Solar’s revenue attributable to Africa’s mining market significantly.