Agarwal Industrial Corporation Limited has announced the completion of its acquisition of Konkan Storage Systems (Karwar) Private Limited, with the target company now becoming a wholly owned subsidiary. The company informed stock exchanges on January 29, 2026, that 100% of the paid-up equity share capital of Konkan Storage Systems has been successfully transferred.

Acquisition Details

The acquisition represents a complete takeover of Konkan Storage Systems (Karwar) Private Limited by Agarwal Industrial Corporation Limited. The transaction details are summarized below:

Regulatory Compliance

The company has maintained full regulatory compliance throughout the acquisition process. The initial disclosure was made on July 08, 2025, under Regulation 30 of SEBI (LODR) Regulations, demonstrating the company's commitment to transparency and regulatory adherence. The completion update was communicated to both BSE Limited and National Stock Exchange of India Limited simultaneously.

Strategic Implications

With Konkan Storage Systems (Karwar) Private Limited now operating as a wholly owned subsidiary, Agarwal Industrial Corporation Limited has expanded its corporate structure and business footprint. The acquisition provides the company with complete control over Konkan Storage Systems' operations and strategic direction.

Stock Exchange Communication

The announcement was formally communicated to both major stock exchanges where the company is listed. Agarwal Industrial Corporation Limited trades on BSE with scrip code 531921 and on NSE under the symbol AGARIND in the EQ series. The communication was signed by Yashee Agrawal, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed.

Agarwal Industrial Corporation Limited (AICL) has released its financial results for the second quarter, revealing a mixed performance with declining revenue but an improved EBITDA margin.

Financial Highlights

AICL experienced a significant year-over-year decline in revenue, which dropped to ₹2,400.00 crore from ₹3,250.00 crore in the same quarter last year, representing a 26.15% decrease. The company's net profit also saw a substantial reduction, falling to ₹120.00 crore from ₹184.00 crore, a 34.78% decline compared to the previous year.

Despite the overall revenue decline, AICL managed to improve its EBITDA margin, which increased to 11.45% from 10.80% in the corresponding quarter of the previous fiscal year. This 65 basis points improvement in EBITDA margin suggests that the company has been able to enhance its operational efficiency. However, it's important to note that the absolute EBITDA figure decreased to ₹280.00 crore from ₹351.00 crore, a 20.23% reduction year-over-year.

Business Segments and Operations

AICL operates primarily in the Ancillary Infra Industry, with its main business activities including:

1. Manufacturing and trading of Bitumen and Allied products used in infrastructure projects
2. Providing Logistics for Bulk Bitumen and LPG through specialized tankers
3. Power generation through Wind Mills

The company has manufacturing units across various locations in India, including Taloja, Belgaum, Vadodara, Hyderabad, Rangia (Assam), and Pachpadra (Rajasthan). Additionally, AICL owns Bulk Bitumen Storage Facilities/Terminals at Vadodara, Dighi, and Taloja, with outsourced storage facilities in Karwar, Haldia, and Mangalore.

Operational Focus

While specific management comments were not provided, the company's financial report indicates a focus on improving operations to enhance financial performance. The improved EBITDA margin, despite revenue decline, suggests that cost management and operational efficiency measures may be in place.

Outlook

The company acknowledges the seasonal nature of its businesses, which can lead to variations in revenue. As AICL continues to navigate the challenges in the infrastructure and related sectors, its focus on operational improvements and margin enhancement could be crucial for future performance.

Investors and stakeholders will likely be watching closely to see if the company can reverse the revenue decline while maintaining or further improving its operational efficiency in the coming quarters.

Note: The financial figures mentioned in this article are based on the standalone results of Agarwal Industrial Corporation Limited for the quarter ended September 30, 2025.