Spectrum Electrical Industries Limited has announced the board approval for acquiring 100% equity stake in Alric Electric Private Limited, marking a significant strategic expansion in the electrical equipment manufacturing sector. The board meeting held on February 4, 2026, at the company's registered office approved the acquisition for a maximum consideration of ₹1.25 crore.

Acquisition Overview

The transaction involves acquiring complete ownership of Alric Electric Private Limited through cash consideration, with the acquisition expected to be completed within 30 days from board approval. This move represents Spectrum Electrical's strategic initiative to strengthen its position in the switchgear and electrical protection devices market.

Target Company Profile

Alric Electric Private Limited, incorporated on September 21, 2022, operates from its registered office in Mumbai, Maharashtra. The company specializes in manufacturing and trading of comprehensive electrical equipment including switchgear products, wiring accessories, and electrical protection systems.

Business Operations

The target company's product portfolio encompasses:

• Switchgear Products: Miniature Circuit Breakers (MCB), Air Circuit Breakers, Residual Current Circuit Breakers, Moulded Case Circuit Breakers
• Electrical Accessories: Switches, Sockets, Plugs, Light Dimmers, Fan Regulators, USB Chargers
• Protection Systems: Contactors, Protection Relays, Motor Starters, Electrical Protection & Control Systems
• Infrastructure Products: Distribution Boards, Panels, Wires & Cables, EV Charging Systems

Financial Performance

Alric Electric has demonstrated remarkable growth trajectory since commencing operations, with significant revenue expansion across financial years.

Strategic Rationale

The acquisition aligns with multiple strategic objectives for Spectrum Electrical Industries:

Market Expansion and Integration

• Forward Integration: Enhanced control over branding, marketing, distribution, and retail operations
• Market Access: Established customer network and revenue base for incremental growth
• Product Diversification: Access to comprehensive electrical equipment portfolio

Operational Benefits

• Cost Optimization: Expected synergies in manufacturing and operational processes
• Talent Acquisition: Access to specialized workforce expertise in electrical protection systems
• Technology Integration: Alignment with innovation-led growth strategies

Market Positioning

The acquisition positions Spectrum Electrical to capitalize on sustained growth in electrical equipment demand driven by infrastructure development, urbanization, industrial expansion, and renewable energy integration. The target company's focus on EV charging systems also aligns with emerging market opportunities in electric vehicle infrastructure.

Regulatory Compliance

The acquisition announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No additional governmental or regulatory approvals are required for completing the transaction. The board meeting commenced at 4:00 PM and concluded at 4:40 PM on February 4, 2026.

Spectrum Electrical Industries Limited has fulfilled its regulatory obligations by publishing its unaudited financial results for the third quarter of fiscal year 2026 in leading newspapers. The company announced the completion of this mandatory disclosure requirement through a formal intimation to stock exchanges on January 24, 2026.

Board Approval and Publication Details

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during their meeting held on January 22, 2026. Following the board approval, the company proceeded with the mandatory newspaper publication as required under SEBI regulations.

Regulatory Compliance Framework

The publication was conducted in accordance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to publish their financial results in newspapers. This ensures widespread dissemination of financial information to stakeholders and the general public.

The company has made the financial results accessible through multiple channels to ensure transparency and compliance with disclosure norms. The results have been made available on the company's official website at www.spectrum-india.com , providing easy access to investors and other stakeholders.

Stock Exchange Filings

Spectrum Electrical Industries has also ensured that the unaudited financial results, along with the Limited Review Reports of the Statutory Auditors, are posted on the websites of stock exchanges. The results can be accessed through the National Stock Exchange (NSE) website at www.nseindia.com and the Bombay Stock Exchange (BSE) website at www.bseindia.com .

Digital Accessibility

To enhance accessibility and convenience for stakeholders, the company has provided a QR code that allows direct access to the financial results. This digital initiative reflects the company's commitment to leveraging technology for better stakeholder communication and transparency.

The comprehensive disclosure approach adopted by Spectrum Electrical Industries demonstrates its adherence to corporate governance standards and regulatory compliance requirements, ensuring that all stakeholders have timely access to the company's financial performance information.