Uma Exports Limited has successfully completed the acquisition of Swastik Oil Refinery Private Limited for ₹14,66,99,177, marking a strategic expansion into the Fast-Moving Consumer Goods (FMCG) sector. The acquisition was approved by the Hon'ble National Company Law Tribunal, Kolkata Bench, through a resolution plan and enables the company's entry into edible oil manufacturing.

Acquisition Details

The transaction involves a complete 100% shareholding acquisition of Swastik Oil Refinery Private Limited through cash consideration. Despite being classified as a related party transaction due to common directorship, the company has confirmed that the acquisition was conducted at arm's length.

Target Company Profile

Swastik Oil Refinery Private Limited, incorporated on April 23, 1997, operates from its registered office at 3, Pretoria Street, Chandrakunj, 3rd Floor, Kolkata, 700071. The company's manufacturing facility is located at Jalan Industrial Complex Gate No 3 PO Begri Dist Howrah, where it engages in oil manufacturing operations.

Historical Performance

The acquired entity has maintained zero turnover across the past three financial years, reflecting its dormant operational status prior to the acquisition.

Strategic Rationale

The acquisition aligns with Uma Exports' strategic objective to establish presence in the FMCG industry, specifically targeting the edible oil manufacturing segment. This move represents a diversification from the company's existing business operations and provides access to established manufacturing infrastructure in the Howrah industrial belt.

Regulatory Compliance

The disclosure was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, with additional details provided in compliance with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The completion timeline follows the NCLT order specifications.

Uma Exports Limited has announced a strategic business expansion through the formation of a Limited Liability Partnership (LLP) with Multicon Residences LLP. The board of directors approved this decision on January 6, 2026, during a meeting that commenced at 3:00 PM and concluded at 3:35 PM.

Partnership Structure and Investment Details

The partnership arrangement involves Uma Exports contributing 50% of the capital to the proposed LLP, establishing an equal partnership structure. The company's initial investment commitment stands at ₹50,000 for the venture.

Business Objectives and Scope

The newly formed LLP will focus on real estate, renting, and construction business activities in Kolkata. This venture represents Uma Exports' strategic diversification into the construction and real estate sector, expanding beyond its traditional business operations.

The partnership aims to:

• Establish construction and real estate operations in Kolkata
• Create opportunities in the construction business segment
• Develop rental and property management activities

Leadership and Governance

Rakesh Khemka, Managing Director of Uma Exports Limited, has been nominated to act as the company's representative and will be designated as a partner in the proposed LLP. This appointment ensures direct management oversight and strategic alignment between Uma Exports and the new venture.

Regulatory Compliance and Timeline

The partnership formation has been disclosed under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has indicated that no specific governmental or regulatory approvals are required for this partnership formation.

The incorporation process is expected to take approximately one month from the announcement date. Upon incorporation, the LLP will become a related party of Uma Exports Limited, given the company's 50% stake in the venture.

Strategic Implications

This partnership marks Uma Exports' entry into the real estate sector, representing a diversification strategy that could provide new revenue streams. The cash-based investment approach and equal partnership structure suggest a measured expansion into the construction and real estate market in Kolkata.