Virat Industries has scheduled an Extra-Ordinary General Meeting (EGM) for October 1, 2026, to seek shareholder approval for a ₹95 crore acquisition of a controlling stake in a related party entity. The company will acquire 70.28% of Braham Well-Being & Lifestyle Corporation Private Limited (BWLCPL) through a preferential issue.

The transaction, valued at approximately ₹95 crore, involves the subscription of 3,51,85,185 equity shares of ₹10 each at a price of ₹27 per share. This includes a premium of ₹17 per share. The deal is classified as a material related-party transaction under SEBI regulations, as BWLCPL is majority-owned by Braham Precision Materials Private Limited, a promoter group entity of Virat Industries.

Corporate Action Details

The register of members and share transfer books will remain closed from September 25, 2026, to October 1, 2026. Shareholders holding equity shares on the record date of September 24, 2026, will be eligible to vote. The EGM will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 5:00 pm IST.

Remote e-voting will open on September 28, 2026, at 9:00 am and close on September 30, 2026, at 5:00 pm. Shareholders who have already voted remotely will not be eligible to vote again during the meeting.

Transaction Rationale and Valuation

Virat Industries stated that the investment aims to facilitate strategic participation in BWLCPL’s business operations, which include wellness programs, sustainable agriculture, lifestyle products, health diagnostics, and hospitality spaces. The company expects to leverage synergies and expand its distribution network through this acquisition.

The valuation of ₹27 per share was determined based on an independent report dated August 13, 2026, by Chartered Accountant Payal Gadda. The Audit Committee and Board of Directors approved the transaction on August 13, 2026, recommending it as being in the best interests of the company.

Related Party Disclosures

BWLCPL is currently owned 93.27% by Braham Precision Materials Private Limited and 6.73% by Mr. Bhavook Chandraprakash Tripathi, a promoter of Virat Industries. Consequently, Mr. Tripathi and Ms. Namrata Dudaney are deemed interested parties and will abstain from voting on the resolution. No other directors or key managerial personnel have a financial interest in the transaction beyond their shareholding in Virat Industries.

The proposed transaction value represents 395.83% of Virat Industries’ consolidated turnover for FY25-26. For BWLCPL, which reported a turnover of ₹4.94 crore in FY25-26, the transaction value is 1,921.15% of its annual consolidated turnover. The funds will be utilized by BWLCPL for growth, expansion, and strategic investments across its business ecosystem.

Virat Industries board of directors approved the convening of an extraordinary general meeting on September 1, 2026. The meeting is scheduled for October 1, 2026, to seek shareholder approval for a proposed transaction.

The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The Board meeting commenced at 3:10 pm and concluded at 3:32 pm.

Corporate Governance Details

Virat Industries appointed Vishal Dewang, a practicing company secretary, as the scrutinizer for the e-voting process. This appointment aims to ensure a fair and transparent voting mechanism for the shareholders.

The notice of the EGM, along with the explanatory statement, will be circulated to members in accordance with the Companies Act, 2013 and applicable rules. Adi F Madan, Managing Director, signed the disclosure letter addressed to BSE Limited.