Sunita Tools Limited , a veteran in the engineering and mould base industry, has made a significant move into the naval defence and shipbuilding sector by acquiring a 51% stake in two Avisan Group companies: Avisan Global Tech Private Limited and Avisan Engineering Enterprises. This strategic acquisition marks Sunita Tools' entry into a new segment of the defence industry, diversifying its portfolio and positioning itself for growth in the naval sector.

Key Acquisition Details

The acquisition brings immediate benefits to Sunita Tools, including:

Expansion into Naval Defence

The Avisan Group specializes in:

• Weapons Installation
• Ship building
• Ship retrofitting
• Other aspects of naval defence and shipbuilding industry

This acquisition allows Sunita Tools to expand its defence portfolio, which already includes an artillery shells factory nearing commercial production.

Strategic Importance

Sanjay Pandey, Chairman & Whole Time Director of Sunita Tools Limited, commented on the acquisition:

"This acquisition gives us access to a new segment of the defence industry in India - the naval defence and shipbuilding and retrofitting sector, which is huge and ever-growing. With the Avisan Group, we are well-positioned to cater to the needs of this industry and drive exponential growth in our defence business."

Sunita Tools' Background

Sunita Tools Limited has over 36 years of experience in the Engineering and Mould Base Industry. The company's core expertise includes:

• Manufacture of Ground Plates
• Mould Bases
• Precision CNC Machining
• Aerospace parts
• Empty Artillery shells

Their products serve various sectors including Automotive, Pharmaceutical, Electronics, Consumer Goods, Aerospace, and Defence.

Future Outlook

The acquisition is expected to strengthen Sunita Tools' position in the defence sector, allowing it to leverage Avisan Group's expertise in naval defence and shipbuilding. As the naval defence industry in India continues to grow, this strategic move positions Sunita Tools to capitalize on new opportunities and expand its presence in the defence market.

It's important to note that while the company expresses optimism about future growth, these forward-looking statements are subject to various risks and uncertainties, including government actions, local political or economic developments, and technological risks.

This acquisition represents a significant step for Sunita Tools in its journey to become a diversified defence company, serving multiple facets of the sector.

Sunita Tools Limited , a prominent player in the manufacturing sector, has announced plans to raise ₹69.86 crore through a preferential issue of convertible warrants. The company has scheduled an Extraordinary General Meeting (EGM) for December 6, 2025, to seek shareholder approval for this significant move and other key resolutions.

Warrant Issue Details

The company plans to issue 8,73,282 warrants, each convertible into one equity share at a price of ₹800 per warrant. These warrants will be issued to non-promoter public category investors, marking a strategic step towards expanding the company's capital base and funding its growth initiatives.

Key Resolutions on the Agenda

1. Increase in Authorized Share Capital: Sunita Tools proposes to increase its authorized share capital from ₹7 crore to ₹8 crore by adding 10 lakh equity shares of ₹10 each.

2. Warrant Issue Approval: Shareholders will vote on the proposal to issue 8,73,282 warrants convertible into equity shares.

Utilization of Funds

The company has outlined a clear plan for the utilization of the funds raised:

Impact on Shareholding Pattern

The warrant issue, if fully converted, will lead to a significant change in the company's shareholding structure:

Key Allottees

Among the notable allottees are:

1. Anil Yadav (5,30,870 warrants)
2. Shruti Agrawal (90,000 warrants)
3. Rashi Fincorp Limited (65,000 warrants)
4. Avarjit Singh Birghi (50,000 warrants)
5. Sarabpreet Kaur (50,000 warrants)

EGM Details

The EGM is scheduled to be held through video conferencing on December 6, 2025, at 1:00 PM IST. Shareholders can participate in remote e-voting from December 2-5, 2025.

Implications and Outlook

This move by Sunita Tools Limited indicates a strategic push towards expansion and modernization, particularly in its artillery shell manufacturing capabilities. The significant allocation towards machinery purchase suggests the company's focus on enhancing its production capacity and technological capabilities.

The dilution of promoter holding, while increasing public shareholding, may lead to a more diverse ownership structure, potentially improving liquidity in the stock. However, shareholders should carefully consider the impact of this dilution on their ownership and voting rights.

As the company prepares for this capital raise, market observers will be keenly watching how effectively Sunita Tools utilizes these funds to drive growth and create value for its shareholders in the coming years.