Bharatam Ventures Completes Acquisition of Penganga Sakhar Karkhana, Takes Control in Sugar Agro-Processing Sector
Bharatam Ventures Limited has successfully completed the acquisition of Penganga Sakhar Karkhana Private Limited, acquiring a near total stake and making the entity a subsidiary of the company. This strategic move aims to diversify Bharatam Ventures' business portfolio into the sugar and allied agro-processing industry.The company acquired 1,49,998 Equity Shares in Penganga Sakhar Karkhana Private Limited. The acquisition was completed through cash consideration under the terms of a Share Purchase Agreement.
As of the completion of the transaction, Bharatam Ventures Limited holds 99.9987% of the paid-up equity share capital of Penganga Sakhar Karkhana Private Limited, making it a subsidiary of Bharatam Ventures Limited.
The total cost for this acquisition was ₹ 1,79,99,760/- (Rupees One Crore Seventy-Nine Lakhs Ninety-Nine Thousand Seven Hundred Sixty Only).
Penganga Sakhar Karkhana Private Limited operates in the Sugar Manufacturing and Allied Agro Processing Industry. The target company has a history of operations in India, primarily engaged in sugar manufacturing and related agro processing activities.
Key financial details regarding Penganga Sakhar Karkhana Private Limited include:
| Financial Year | Turnover |
|---|---|
| FY 2025-26 | Rs. 8,352.89 Lakhs |
| FY 2024-25 | Rs. 3,368.57 Lakhs |
| FY 2023-24 | Rs. 1,404 Lakhs |
The acquisition is viewed as a strategic investment to provide Bharatam Ventures Limited with long-term business opportunities and operational synergies within the sugar sector. The transaction has been completed upon fulfilling all contractual obligations and customary closing conditions outlined in the Share Purchase Agreement.
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