Jaykay Enterprises to Acquire Defence Precision Manufacturer Patange Industries' Business Undertaking
Jaykay Enterprises Limited announced on April 13, 2026, that its Board of Directors approved the acquisition of the Business Undertaking of Patange Industries Private Limited (PIPL). The transaction involves a slump sale on a going concern basis.PIPL is a company engaged in the specialized field of defence precision manufacturing, fabrication, and engineering design services. The acquisition aligns with Jaykay Enterprises Limited's strategic objective to expand its presence within the Defence & Aerospace sector and to strengthen its technological and engineering capabilities.
The acquisition entails the transfer of PIPL's operational business undertaking and does not involve the acquisition of its shares. The transaction will be completed through a lump sum cash consideration, subject to the fulfilment of conditions and obligations under the Slump Sale Agreement (SSA).
The details regarding the target entity, Patange Industries Private Limited, reveal a robust focus on advanced engineering. PIPL specializes in the design and precision manufacturing of items such as war heads, bulk heads, and other complex engineered structures. The company was incorporated on October 13, 2003, and operates in India.
The financial profile of PIPL highlights its consistent operational history in the defence sector. The company reported a turnover of 903.06 Lakhs as of March 31, 2025.
A summary of PIPL’s key financial and operational data is provided below:
| Particulars | Detail | Amount (Rs. in Lakhs) |
|---|---|---|
| Business Undertaking | Defence precision manufacturing, fabrication and engineering design services | N/A |
| Authorized Share Capital | N/A | 100.00 |
| Paid up Share Capital | N/A | 37.75 |
| Turnover (as on March 31, 2025) | N/A | 903.06 |
| Industry | Defence and Aerospace | N/A |
PIPL’s turnover over the past three financial years shows the following trajectory:
| Financial Year | Turnover (Rs. in Lakhs) |
|---|---|
| FY 2024-25 | 903.06 |
| FY 2023-24 | 52.40 |
| FY 2022-23 | 174.58 |
The completion of the Business Undertaking transfer is expected to occur on a date mutually agreed upon between Jaykay Enterprises Limited and the parties involved, subject to the fulfilment of all agreed conditions.
JAYKAY Stock Price Movement
As of 1:20 PM, shares of Jaykay Enterprises Limited are slipping by 1.67% in live trading, currently at ₹152.76. The stock has seen notable movement on a strong volume of 60,019 shares as the market continues to track the equity.Source:
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