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 has provided an update on its Barjora plant commissioning process, stating that dry-runs are currently underway. The company confirmed that the commissioning activities at the Barjora plant will not impact its UAE project operations. However, Xpro India has also disclosed potential delays in the completion of its Dielectric Films production line at Barjora due to financial difficulties faced by a key foreign supplier.

Project Status and Challenges

The Dielectric Films production line, currently in its final stages of installation, may experience setbacks in the completion of last-stage activities and acceptance tests. Xpro India emphasized that these unforeseen developments are beyond the company's control.

Mitigation Efforts

In response to the situation, Xpro India is taking several steps to address the potential delays:

• Implementing appropriate mitigating measures
• Actively engaging with the affected supplier
• Collaborating with qualified third-parties to ensure project continuity

Company's Outlook

Despite the challenges, Xpro India remains optimistic about the project's future. The company stated that based on its current assessment, it does not anticipate:

• Fundamental impediments to the project's completion
• Issues with the intended performance of the production line
• Significant impact on its overall business plans

Transparency and Caution

Xpro India's disclosure was made in the interest of transparency and abundant caution. The company acknowledged that the actual outcomes may differ based on subsequent events and the pace of stabilization at the supplier's end.

Investor Considerations

While Xpro India maintains a positive outlook, investors should note that this situation introduces an element of uncertainty regarding the project's timeline. The company's ability to successfully navigate these challenges and minimize delays will be crucial in the coming months.

As the situation develops, stakeholders will likely keep a close eye on further updates from Xpro India regarding the progress of the Dielectric Films production line and any potential impact on the company's operations or financial performance.