HVAX Technologies Limited Invests in Krew Instruments Private Limited
HVAX Technologies Limited announced on March 26, 2026, that its Board of Directors approved an investment in Krew Instruments Private Limited, a company operating in the hospital domain. The investment includes a subscription to a private placement of equity shares and a transfer of shares, totaling Rs. 1,05,00,000.The company will subscribe to up to 15,000 equity shares of Rs. 700 each, with a face value of Rs. 10 per share and a premium of Rs. 690 per share. Additionally, HVAX Technologies Limited will transfer up to 5,000 equity shares of Rs. 700 each. The total consideration will be paid in cash.
Following the transaction, Krew Instruments Private Limited will become a subsidiary of HVAX Technologies Limited, controlling 80% of the investment in equity shares. The acquisition is anticipated to be completed within 15 days.
Krew Instruments Private Limited, incorporated on April 2, 2018, reported an annual turnover of Rs. 2.61 crore with a profit after tax of 9% for fiscal year 2025. Its registered office is located in Thane, Maharashtra. Key promoters of Krew Instruments Private Limited are Biju Gopalkrishnan Unnithan and Bindu Biju Unnithan. The company's product lines include Blood Bank Equipment, Pharma Equipment, and Laboratory & Healthcare Equipment. The acquisition is expected to create synergy through cross-selling opportunities, aligning with existing customer requirements.
Table: Details of the Acquisition
| Particulars | Details |
|---|---|
| Name of Target Entity | Krew Instruments Private Limited (FY 2025 turnover: Rs. 2.61 crore, PAT: 9%) |
| Related Party Transaction | Not a related party transaction |
| Industry | Hospital & Laboratory segment |
| Objects and Impact of Acquisition | Synergy through cross-selling opportunities |
| Governmental or Regulatory Approvals | Not applicable |
| Indicative Time Period for Completion | Within 15 days |
| Consideration | Cash |
| Cost of Acquisition (Equity Shares) | 15,000 equity shares of Rs. 700 each & 5,000 equity shares of Rs. 700 each |
| Shareholding/Control Acquired | 80% |
| Date of Incorporation | April 2, 2018 |
| Registered Office | Room No. 4/1101, Niraj Park, Wayle Nagar, Khadakpada, Thane, Kalyan, Maharashtra 421301 |
| Promoters | Biju Gopalkrishnan Unnithan & Bindu Biju Unnithan |
| Product Lines | Blood Bank Equipment, Pharma Equipment, Laboratory & Healthcare Equipment |
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