Bengal & Assam Company Limited and its subsidiary J.K. Fenner (India) Limited (JKFIL) have announced a significant acquisition in the tyre and rubber products sector. The two companies are set to acquire a combined stake of 6.67% in Cavendish Industries Limited from JK Tornel for a total consideration of Rs. 130.64 crores.

Acquisition Details

The acquisition involves the purchase of 40 lakh equity shares of Cavendish Industries Limited, a company specializing in tyre and rubber products. The stake distribution and financial details are as follows:

Strategic Implications

This acquisition may potentially strengthen the position of Bengal & Assam Company and JKFIL in the tyre and rubber products industry. By increasing their stake in Cavendish Industries, the companies could be looking to expand their footprint in this sector or gain more control over the supply chain.

Market Impact

The move indicates a strategic investment in the tyre and rubber products sector, which could be seen as a positive sign for the industry. Investors and market analysts may want to keep an eye on how this acquisition affects the operations and financial performance of all companies involved.

It's important to note that the full impact of this acquisition on the companies' financials and operations will likely become clearer in the upcoming quarterly reports and future announcements.

Bengal & Assam Company Limited (BACL) has reported a significant increase in its financial performance for the second quarter ended September 30, 2025. The company's consolidated net profit jumped 69% year-on-year to 2.20 billion rupees, up from 1.30 billion rupees in the same quarter of the previous year.

Revenue Growth

The company's revenue also saw a notable increase, growing by 12% to reach 6.40 billion rupees, compared to 5.70 billion rupees in the corresponding period last year.

Financial Highlights

Corporate Restructuring

The company's financial statements have been revised for corresponding periods following the effectiveness of a Composite Scheme of Arrangement involving Umang Dairies Limited, Bengal Assam Company Limited, and Panchmahal Properties Limited, which became effective on June 17, 2025. The scheme involved demerger of dairy business undertaking and amalgamation of residual business with an appointed date of April 1, 2023.

Share Allotment and Listing

As part of the arrangement, 107,571 equity shares were allotted to shareholders of Umang Dairies Limited, which were listed and traded from September 24, 2025.

Business Segments

BACL operates across multiple business segments including Tea, Paper, Cement, and Polymer & Textile.

Board Meeting and Results Approval

The company's Board of Directors met on November 11, 2025, to consider and approve the unaudited financial results for the second quarter and half-year ended September 30, 2025. The meeting began at 3:45 PM and concluded at 5:15 PM.

Regulatory Compliance

In compliance with Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, BACL has submitted its unaudited financial results, both standalone and consolidated, to the BSE Limited.

Auditor's Review

The financial results have undergone a limited review by the company's auditors, as required by regulatory standards. This review provides an additional layer of assurance to stakeholders regarding the accuracy of the reported figures.

The strong financial performance of Bengal & Assam Company Limited in the second quarter reflects the company's resilience and growth strategies in the face of evolving market conditions. The substantial increase in profitability may be viewed as a positive indicator of the company's operational efficiency and market positioning following its recent corporate restructuring.