Elpro International Limited has announced the acquisition of additional equity shares in Sundrop Brands Limited for ₹39.18 crores, as disclosed in a regulatory filing dated January 8, 2026. The acquisition represents a strategic investment move by the Mumbai-based company.

Acquisition Details

The transaction involved the purchase of 5,47,946 equity shares of Sundrop Brands Limited through cash consideration. This fresh acquisition adds to Elpro's existing holding of 9,000 equity shares, bringing the total shareholding to 5,56,946 equity shares.

About Sundrop Brands Limited

Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, is a public limited company incorporated on November 21, 1986. The company operates in the manufacturing, marketing, and selling of food products and edible oils. Its product portfolio includes ready-to-cook snacks, ready-to-eat snacks, spreads and dips, breakfast cereals, and chocolate confectionery.

The company maintains a presence in India with one plant and one office located outside India. Sundrop Brands is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Financial Performance

Sundrop Brands has demonstrated consistent revenue generation over the past three financial years. The company's consolidated financial performance shows:

Transaction Structure

The acquisition does not fall within related party transactions, and no promoter or group companies have any interest in the entity being acquired. The transaction required no governmental or regulatory approvals, indicating a straightforward investment structure.

The acquisition aligns with Elpro International's investment strategy, though the target company's business in food products and edible oils represents a sector outside Elpro's main line of business operations.

Elpro International Limited has strengthened its position in the auto components sector by acquiring additional shares of Sansera Engineering Limited. This strategic move underscores Elpro's commitment to expanding its investment portfolio in the automotive industry.

Key Acquisition Details

About the Acquisition

Elpro International Limited has cited investment purposes as the primary objective behind this acquisition. The move aligns with the company's strategy to strengthen its presence in the auto components equipment sector, a segment that has shown robust growth potential.

Sansera Engineering: A Snapshot

Sansera Engineering Limited, the target of this acquisition, has demonstrated strong financial performance:

The company, incorporated on December 15, 1981, specializes in producing high value-added auto components and equipment using advanced technology. Sansera Engineering is committed to maintaining quality products while adhering to good governance practices and fulfilling social commitments.

Market Implications

This acquisition by Elpro International Limited could be seen as a vote of confidence in Sansera Engineering's growth prospects and the overall auto components sector. As the automotive industry continues to evolve, particularly with the shift towards electric vehicles and advanced technologies, such strategic investments may position companies like Elpro to capitalize on future opportunities in the sector.

Investors and market watchers will likely keep a close eye on how this increased stake influences both companies' performance and strategies in the coming quarters.