Barflex Polyfilms Limited to Acquire 100% of Rohit Poly Foams Private Limited
Barflex Polyfilms Limited announced on April 1, 2026, that it will acquire 100% of the equity shares of Rohit Poly Foams Private Limited. The acquisition will result in Rohit Poly Foams Private Limited becoming a wholly-owned subsidiary of Barflex Polyfilms Limited.Rohit Poly Foams Private Limited, incorporated on September 3, 2021, is located in Jaipur, Rajasthan, and has an authorized share capital of Rs. 2,00,00,000, comprising 20,00,000 equity shares of Rs. 10 each. The company’s paid-up share capital is Rs. 2,00,00,000, comprising 20,00,000 equity shares of Rs. 10, fully paid-up. The company manufactures and deals in plastic bags, polyurethane foam, polyethylene foam, and allied foam products.
Barflex Polyfilms Limited will pay Rs. 2,80,00,000 in cash to acquire 20,00,000 equity shares at a price of Rs. 14 per share from the existing shareholders of Rohit Poly Foams Private Limited.
The acquisition is expected to be completed by April 15, 2026.
According to Barflex Polyfilms Limited, the initiative is intended to drive business expansion and enable the exploration of overseas markets and customer base, as well as enhance product value.
No governmental or regulatory approvals are required for the acquisition.
Table: Details of Acquisition
| Particulars | Details |
|---|---|
| Name of Target Entity | ROHIT POLY FOAMS PRIVATE LIMITED (CIN: U25209RJ2021PTC076806) |
| Acquisition Within Related Party Transaction | Not Applicable |
| Industry | Manufacturing and dealing of plastic bags, polyurethane foam, polyethylene foam, and allied foam and its products. |
| Objects and Effects of Acquisition | To drive business expansion and enable exploration of overseas markets and enhance Product Value |
| Time Period for Completion | 15-April-2026 |
| Consideration | Cash |
| Cost of Acquisition | Rs. 2,80,00,000 |
| Shareholding Acquired | 100% |
| Turnover in last 3 years | For F.Y. -2024-2025 - Rs. 1,87,82; For F.Y. -2023-2024 - Rs. 0.00; For F.Y. -2022-2023 - Rs. 0.00 |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.