Honasa Consumer Limited has announced the acquisition of a 95% stake in Reginald Men, a premium men's personal care brand, marking the company's strategic entry into the rapidly growing men's personal care market. The acquisition is valued at ₹95 crores enterprise value on a no cash, no debt basis, subject to closing adjustments.

Strategic Entry into Men's Personal Care Market

The acquisition positions Honasa Consumer to capitalize on India's expanding men's personal care market, which is projected to nearly double from ₹20,000 crores today to ₹40,000 crores by 2032. The market is experiencing clear demand inflection with rapid premiumization and heightened awareness driving evolving self-care mindsets among Indian men.

About Reginald Men Brand

Launched in August 2022, Reginald Men offers curated men's personal care products with sunscreens as its core offering. The brand has built rapid traction based on performance and clear benefit messaging, establishing itself as the number one searched men's sunscreen brand on Google. The brand demonstrates strong multi-benefit propositions, offering sun protection and moisturization in single products.

Financial Terms and Performance

The transaction involves acquiring 95% stake initially, with the remaining 5% to be acquired after 12 months based on pre-agreed valuation criteria. Reginald Men's financial performance shows strong fundamentals with significant revenue generation and positive EBITDA margins.

Strategic Rationale and Growth Opportunities

The acquisition complements Honasa Consumer's existing portfolio of brands including Mamaearth, The Derma Co, Aqualogica, BBlunt, and others. Reginald Men's strong traction in South India, contributing 80% of sales, strengthens Honasa's market share in southern states where the company sees distinct regional preferences and significant growth potential.

The deal provides Honasa with opportunities to scale into multiple personal care categories for men using existing product equity, expand beyond current direct-to-consumer channels into offline, e-commerce and quick commerce platforms, and grow beyond South India with localized go-to-market strategies.

BCL Enterprises Limited, a company listed on the Metropolitan Stock Exchange of India and BSE, has announced significant changes to its board of directors. The company has appointed two new members to strengthen its leadership team, effective November 13, 2025.

New Appointments

The board of directors, in a meeting held on November 13, 2025, approved the following appointments:

Mr. Om Prakash Sambharia

Mr. Sambharia brings a wealth of experience to BCL Enterprises, with 38 years in the banking and credit sector. His expertise includes:

• In-depth knowledge of banking and credit operations
• Extensive experience in credit processing and sanctioning for various segments, including large corporate, mid-corporate, MSME, and export credit
• Proficiency in NPA recovery through legal actions

This appointment is expected to significantly enhance the company's financial and strategic capabilities.

Ms. Priyanka Prajapati

Ms. Prajapati joins the board as a Non-Executive Independent Director. Her appointment fills the casual vacancy created by the sudden demise of Mr. Umesh Kumar Bajaj. Ms. Prajapati's profile includes:

• Seasoned professional with extensive knowledge of corporate governance and management
• Expected to provide valuable guidance and oversight to the Board
• Focus on ensuring adherence to high standards of corporate governance and ethical business practices

Regulatory Compliance

These appointments have been made in accordance with Section 161 of the Companies Act, 2013, and Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the stock exchanges as per Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

BCL Enterprises Limited's strategic board expansion demonstrates its commitment to strengthening its leadership and governance structure. These appointments are poised to bring fresh perspectives and extensive industry experience to guide the company's future growth and strategic decisions.