Birlanu , formerly known as HIL Limited, has successfully completed the acquisition of Clean Coats Private Limited, marking a significant corporate action in the Indian business landscape. The all-cash transaction, valued at ₹110.19 crores, sees Birlanu acquiring 100% of Clean Coats' equity share capital.

Transaction Details

The acquisition, which was initially announced on November 7, 2025, has now been finalized. Here are the key details of the transaction:

Regulatory Compliance

Birlanu has adhered to regulatory requirements by promptly disclosing the acquisition's completion to the stock exchanges. The company filed the update through both the BSE Listing Centre and NEAPS (NSE Electronic Application Processing System) on November 12, 2025.

Implications and Next Steps

While the acquisition has been completed, the final transaction amount may be subject to adjustments based on the closing accounts of Clean Coats, as stipulated in the Share Purchase Agreement. This provision allows for potential modifications to the consideration based on the target company's financial position at the time of closing.

Birlanu's strategic move to acquire Clean Coats Private Limited may have implications for its market position and product offerings. However, the specific synergies and strategic rationale behind the acquisition have not been detailed in the current disclosure.

Investors and market observers will likely be keen to see how this acquisition fits into Birlanu's broader business strategy and what impact it may have on the company's financial performance in the coming quarters.

For more information, stakeholders can refer to the detailed disclosure available on Birlanu's official website at www.birlanu.com .

Birlanu Limited (formerly HIL Limited), a part of the multi-billion-dollar CKA Birla Group, has announced a strategic move to strengthen its position in the construction chemicals segment. The company has signed an agreement to acquire Clean Coats Private Limited, a leading Indian manufacturer of high-performance coatings and specialized construction chemicals, for a total consideration of up to Rs 120 crore.

Acquisition Details

The acquisition, approved by Birlanu's Board of Directors on November 7, 2025, involves purchasing 100% of the issued and paid-up equity share capital of Clean Coats. The deal is structured at an enterprise value of Rs 92.50 crore on a cash-free and debt-free basis, subject to net working capital and other adjustments.

Strategic Rationale

This acquisition aligns with Birlanu's commitment to scaling its construction chemicals business. Clean Coats, established in 1999, brings to the table:

• A comprehensive portfolio including epoxy and polyurethane coatings, anti-corrosion linings, flooring systems, and waterproofing solutions
• Presence in over 27 countries globally
• In-house R&D and application development capabilities

Financial Highlights

The acquisition comes at a time when Birlanu has reported mixed financial results for the quarter ended September 30, 2025:

Despite a modest increase in revenue, the company reported a net loss of Rs 42.86 crore for the quarter, compared to a profit of Rs 14.67 crore in the same period last year.

Management Commentary

Avanti Birla, President of Birlanu, emphasized the strategic importance of the acquisition, stating, "This transaction brings together Clean Coats' technical expertise, proven formulations, and export capability with Birlanu's strong brand presence, market reach, institutional relationships, and execution scale."

Akshat Seth, Managing Director and CEO of Birlanu, added, "The acquisition of Clean Coats is a step forward in our commitment to double our portfolio over the next three years, with an investment outlay of over Rs 1,300 crore."

Future Outlook

The acquisition is expected to:

1. Strengthen Birlanu's position as a leading provider of building products and solutions
2. Expand the company's reach across project and retail channels
3. Create long-term value for shareholders through participation in the fast-growing construction chemicals segment

As Birlanu integrates Clean Coats into its operations, investors and industry observers will be watching closely to see how this strategic move impacts the company's financial performance and market position in the coming quarters.

Note: The acquisition is subject to customary closing conditions and is expected to be completed by November 30, 2025.