Xpro India Limited , a key player in the polymer processing industry, has announced the completion of a significant share allotment by its subsidiary, marking another milestone in the company's capital expansion strategy following its mixed Q2 performance.

Subsidiary Share Allotment Details

On December 12, 2025, Xpro Dielectric Films FZ-LLC (XDF), a subsidiary of Xpro India, successfully allotted shares to OASIS II Investment Holding Limited. The transaction details are as follows:

OASIS II Investment Holding Limited is a special purpose vehicle established as a private company limited by shares, incorporated under the laws of Abu Dhabi Global Markets.

Ownership Structure Post-Allotment

Following the share allotment, Xpro India continues to maintain majority control of its subsidiary:

Previous Financial Performance Context

This development comes after Xpro India reported mixed results for the second quarter, where the company faced challenges from foreign exchange fluctuations. The earlier quarterly results showed:

Strategic Capital Initiatives

This subsidiary funding represents part of Xpro India's broader capital strengthening strategy. During the previous quarter, the company had also issued 1,170,000 equity shares at a premium of ₹965 per share to various investors, demonstrating continued investor confidence despite operational challenges.

Regulatory Compliance

The share allotment was completed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following receipt of all necessary regulatory and other approvals. This transaction builds upon the tripartite agreement previously approved by the Board for XDF's fundraising activities.

The successful completion of this transaction strengthens XDF's financial position while maintaining Xpro India's controlling stake, supporting the group's expansion plans in the dielectric films segment.

Xpro India Limited , a leading manufacturer of coextruded plastic sheets, thermoformed refrigerator components, and specialty films, has achieved a significant milestone in its expansion plans. The company has completed the installation of its new dielectric film production line at the Barjora facility in West Bengal and is now conducting wet trials as it moves closer to commercial production.

Installation Milestone Achieved

According to the company's latest disclosure to stock exchanges, the installation of equipment for the new dielectric film production line is now complete. This represents substantial progress from the previous update when the installation was described as "essentially complete." The company has successfully transitioned from dry runs to wet trials, marking a critical advancement in the commissioning process.

Final Preparations Underway

Xpro India is currently in the advanced stages of completing certain final system and software calibrations that require external vendor involvement. These calibrations are crucial for ensuring optimal performance of the production line before commercial operations begin. The wet trials currently in progress represent the final testing phase before full commissioning.

Production Timeline Update

The company has provided an updated timeline for production commencement, stating that dielectric film production is expected "well within the coming quarter, barring unforeseen circumstances." This timeline adjustment reflects the company's commitment to ensuring all systems are properly calibrated and tested before beginning commercial production.

UAE Project Progress

In addition to the Barjora facility developments, Xpro India has confirmed that its Dielectric Films project in the UAE is progressing as expected. This international expansion demonstrates the company's strategic growth initiatives beyond its domestic operations.

Management Acknowledgment

The company's management has acknowledged disappointment regarding the extension of the expected timeline, attributing delays to supplier-end factors beyond the company's direct control. This transparency reflects Xpro India's commitment to honest communication with stakeholders about project challenges and progress.

Strategic Impact

The completion of this dielectric film production line installation represents a significant enhancement to Xpro India's manufacturing capabilities. Dielectric films serve crucial roles in electronic and electrical applications, including capacitors, insulation, and specialized packaging solutions. This expansion is expected to strengthen the company's position in the specialty films market and support its long-term growth strategy.