Goodluck India Limited has announced the acquisition of a commercial property in Ghaziabad, Uttar Pradesh, for ₹52 crores. The transaction involves the purchase of land and construction property along with furniture fixtures from promoter group entities.

Transaction Details

The property acquisition encompasses comprehensive assets as outlined below:

Parties Involved

The transaction involves four sellers, all connected to the company's promoter group:

Related Party Transaction

The company has disclosed that this transaction qualifies as a related party transaction due to the involvement of promoter and promoter group members. Key aspects include:

• The transaction is conducted at arm's length basis
• No special rights such as director appointment, preferential subscription rights, or capital structure restrictions are involved
• The agreement grants absolute rights, title, and interest in the property to the company
• Necessary approvals have been obtained as applicable

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that no potential conflict of interest arises from this agreement and all required approvals have been secured.

The transaction amount of ₹52 crores excludes stamp duty, registration fees, and other related expenses, which will be paid at actual amounts. The consideration will be settled exclusively through banking channels, ensuring transparency in the payment process.

Goodluck India Limited , a leading manufacturer of engineering structures, has reported strong financial results for the second quarter of fiscal year 2026, along with significant strides in its defence manufacturing operations.

Financial Performance

The company announced impressive quarterly results, with sales volume increasing by 9.5% to 112,937 MT. The total income grew by 1.7% to Rs 997.59 crore, while EBITDA surged by 30.1% with margins expanding 214 basis points to 9.8%.

Here's a breakdown of the key financial metrics for Q2 FY26:

The company's performance shows resilience and growth despite challenging market conditions. The significant improvement in EBITDA and margin expansion indicates enhanced operational efficiency and cost management.

Expansion into Defence Manufacturing

Goodluck India has achieved significant milestones in its defence manufacturing initiatives through its subsidiary, Goodluck Defence Aerospace. Key developments include:

1. Industrial License: The company received an industrial license for artillery shell manufacturing, marking its entry into a critical defence sector.

2. New Manufacturing Facility: Goodluck Defence Aerospace inaugurated a state-of-the-art facility with an initial capacity of 150,000 shells per annum.

3. Expansion Plans: The company plans to scale up the facility's capacity to 400,000 shells per annum, demonstrating its commitment to growth in the defence sector.

4. Advanced Medium Combat Aircraft (AMCA) Program: Goodluck India entered a tripartite Memorandum of Understanding (MOU) for the AMCA program, further solidifying its position in the aerospace and defence industry.

Operational Highlights

Goodluck India continues to maintain a strong operational presence with:

• Six manufacturing plants with a combined annual capacity of 500,000 MT
• Consistent capacity utilization of approximately 90%

Investment Commitment

The company has fulfilled its Rs 500 crore investment commitment under the UP Nivesh initiative, showcasing its dedication to industrial growth and development in Uttar Pradesh.

Outlook

With its robust financial performance, expansion into defence manufacturing, and strategic investments, Goodluck India appears well-positioned for sustained growth. The company's diversification into the defence sector, coupled with its strong core business, presents promising opportunities for future expansion and value creation.

Investors and stakeholders will likely keep a close watch on how Goodluck India leverages these new ventures, particularly in the defence sector, to drive long-term growth and profitability.