Jayant Agro Organics to Acquire Stakes in Vithal Castor Polyols, Boosting Operational Synergies
Jayant Agro Organics Limited announced an agreement for the acquisition of a significant stake in Vithal Castor Polyols Private Limited (VCPL). The transaction, executed on May 11, 2026, involves Jayant Agro Organics Limited, Mitsui Chemicals Inc., and Vithal Castor Polyols Private Limited.The acquisition is strategically positioned to enhance operational synergies for the company, enabling more focused operations and resulting in a more streamlined ownership structure. Jayant Agro Organics Limited noted that this move demonstrates the company's greater commitment and ability to better adapt to evolving market dynamics.
Under the terms of the agreement, Jayant Agro Organics Limited will acquire 40% of the total paid up equity share capital and 80% of the total paid up preference share capital of VCPL. The total cost of acquisition is set at Rs. 25,37,44,403.
The shares being acquired by Jayant Agro Organics Limited are sourced from Mitsui Chemicals Inc. (MCI), who hold existing shares in VCPL. The company currently holds 3,60,00,000 equity shares, representing 50% of the total paid up equity share capital of VCPL. MCI will acquire the existing 1,44,00,000 equity shares and 2,88,00,000 preference shares of VCPL.
Vithal Castor Polyols Private Limited specializes in the manufacturing of Bio Polyols. The company was incorporated on August 5, 2013, and maintains its presence in India.
Jayant Agro Organics Limited provided a look back at VCPL's recent turnover, showing growth trends in the chemicals industry.
| Financial Year | Turnover (₹ in Lakhs) |
|---|---|
| 2024-25 | 4,430.43 |
| 2023-24 | 5,382.83 |
| 2022-23 | 5,371.24 |
The agreement records the terms and inter-se rights and obligations related to this acquisition. The acquisition is expected to be completed immediately following the satisfaction of the conditions specified in the Share Purchase Agreement.
JAYAGROGN Stock Price Movement
Jayant Agro Organics Limited shares today slipped by 1.37% to settle at ₹200.01. The equity saw a total traded volume of 6,617 shares during the session.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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