Acquisition |
| Name of acquirer* | V R Infraspace Limited |
| Relationship of acquirer with the listed entity* | Listed Entity (self) |
| Details of other relation with acquirer | |
| Name of the target entity | L V Décor |
| Latest financial parameter of target entity |
| Turnover ( In crore)* | 0 |
| PAT ( In crore)* | 0 |
| Networth ( In crore)* | 0 |
| Other | |
| Whether the acquisition would fall within Related Party Transaction(s)?* | No |
| Date of board meeting in which RPT approval taken | |
| Date of audit committee meeting in which RPT approval taken | |
| Whether the said RPT is material?* | |
| Date of approval from shareholders | |
| Whether the promoter / promoter group / group / associate / holding / subsidiary companies / Director&KMP and its relatives have any interest in the entity being acquired?* | No |
| Nature of interest and details thereof | |
| Whether the same is done at “arms length”?* | Yes |
| Whether special resolution is passed/proposed? | |
| Date of Special Resolution | |
| Industry to which the entity being acquired belongs* | The firm shall carry on the business of manufacturing, designing, trading, supplying, importing, exporting, retailing and dealing in all kinds of furniture, furnishings, modular fittings, and interior décor products and accessories, and undertaking interior decoration and allied works. |
| Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)* | The partnership will enable V R Infraspace Limited to diversify into allied business segments, create forward integration with its real estate/infrastructure business, and enhance value-added offerings to customers in residential and commercial projects. |
| Whether any governmental or regulatory approvals required for the acquisition?* | NA |
| Provide brief details of any governmental or regulatory approvals | |
| Whether the transaction will be in tranches* | Yes |
| Indicative time period for completion of the acquisition* | Within two months from the date of Board approval, subject to execution and registration of the partnership deed. |
| Nature of consideration- whether cash consideration or share swap and details of the same* | Others |
| Details of consideration | Cash contribution |
| Cost of acquisition or the price at which the shares are acquired (Total value) ( Rs in Crore)* | 5 |
| Existing percentage of shareholding held by acquirer* | 0% |
| Percentage of Control acquired | |
| Percentage of shares acquired (additional, if existing holding persists) | |
| Brief background about the entity acquired in terms of products/line of business acquired* | Interior décor, furnishing, modular furniture, and allied services
|
| Date of incorporation | |
| History of last 3 years turnover | Year Description
(YYYY-YY) | Amount of turnover
(In Crore)) |
| 1st Previous year turnover | | |
| 2nd Previous year turnover | | |
| 3rd Previous year turnover | | |
| Country in which the acquired entity has presence* | India |
| Any other significant information (in brief) | The Board of Directors of the Company, in its meeting held on September 02, 2025, has approved a proposal to enter into a partnership arrangement for the formation of a new partnership firm under the name “L V Décor”. V R Infraspace Limited will hold 51% partnership interest. |