20 Microns Acquires 99.99% Stake in M/s Shree Shrest Minerals to Expand Mineral Sourcing
20 Microns Limited has acquired a significant partnership interest in M/s Shree Shrest Minerals, a firm specializing in the mining and extraction of industrial minerals. The acquisition aims to bolster the company's captive strategic sourcing operations by gaining control over key mineral rights.The Bengaluru-based conglomerate successfully acquired 99.99% of the partnership interest in M/s Shree Shrest Minerals. This acquisition includes the target firm’s business, assets, and vital mining rights, including the operating lease. The company received the necessary approval from the Registrar of Firms, Rajasthan, pertaining to the proposed reconstitution of M/s Shree Shrest Minerals and the change in its partners.
M/s Shree Shrest Minerals is a partnership firm registered under the Indian Partnership Act, 1932. It holds mining rights near Village Khakharmala, Tehsil Raipur, District Bhilwara, Rajasthan. The target entity operates within the mining industry, focusing on Quartz and Feldspar extraction.
The strategic move for 20 Microns Limited is centered on strengthening and expanding its existing mineral operations by ensuring a stable supply of industrial minerals. These resources are complementary to 20 Microns’ established business in manufacturing, processing, and trading various specialty mineral products. The acquisition transaction was conducted on an arm's length basis.
The total consideration paid for the partnership interest, along with the associated business assets and mining lease, amounted to Rs 1,50,00,000.
Operational Details of M/s Shree Shrest Minerals
M/s Shree Shrest Minerals was incorporated as a partnership firm on December 18, 2008, and is located in Rajsamand district, Rajasthan. The company operates within the industrial minerals sector.The financial performance and operational details of M/s Shree Shrest Minerals for the last three financial years are detailed below:
| Financial Indicator | 2022-23 (Rs) | 2023-24 (Rs) | 2024-25 (Rs) |
|---|---|---|---|
| Turnover | 16,98,966 | 1,50,235 | 19,54,702 |
| Profit / (Loss) | 1,94,364 | (2,50,585) | (3,01,205) |
The acquisition is expected to be finalized shortly, pending the completion of all necessary documentation and customary closing formalities.
20MICRONS Stock Price Movement
20 Microns Limited rallied today, with its stock settling at ₹190.90 after gaining 4.33% in post-market trading. The equity traded within a tight range, finding support near the day's low of ₹182.00 and briefly testing a high of ₹193.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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