Krishca Acquires 50.05% Stake in Manda Stainless to Boost Specialty Steel Expansion
Krishca Strapping Solutions Limited, a manufacturer of high-tensile steel strapping and integrated packaging solutions, announced that its Board of Directors has approved the acquisition of a controlling stake in Manda Stainless Private Limited. This strategic investment aims to expand Krishca's presence within value-added specialty steel products.Through this acquisition, Krishca will develop a 36,000 TPA stainless steel cold rolling facility located near Vapi, Gujarat. The new facility will incorporate various processes including cold rolling, bright annealing, precision slitting, and other allied processing capabilities. Commercial production from the site is targeted to commence in February 2027, subject to project implementation and commissioning.
The transaction involved a cash consideration of ₹7,36,02,950 for acquiring 73,60,295 equity shares in Manda Stainless Private Limited. The acquisition is expected to be finalized on or before July 31, 2026, pending customary closing conditions.
The investment reinforces Krishca's specialty steel growth strategy by establishing a greenfield stainless steel processing facility. Mr. Bala Manikandan, Managing Director and Founder of Krishca Strapping Solutions Limited, commented on the move, stating that it marks a significant milestone in their long-term growth strategy. He added that the investment broadens the company's product portfolio and enhances its ability to serve industrial applications across a wider range, supporting sustainable growth for customers and shareholders.
Manda Stainless Private Limited is developing this 36,000 TPA stainless steel cold rolling facility near Vapi, Gujarat. The venture is intended to meet the increasing demand from utensil, cookware, kitchen appliance, OEM, commercial, and industrial sectors.
Details of the transaction are summarized below:
| Aspect | Detail |
|---|---|
| Target Company | Manda Stainless Private Limited |
| Stake Acquired | 50.05% of paid-up equity share capital |
| Consideration | ₹7,36,02,950 (cash) for 73,60,295 equity shares |
| Nature of Deal | Acquisition of control |
| Project Location | Near Vapi, Gujarat |
| Expected Commercial Production | From February 2027 |
| Completion Target | On or before July 31, 2026 |
Krishca Strapping Solutions Limited is described as a leading industrial packaging and material solutions provider serving the steel, metals, and engineering industries. The company offers specialized services including steel strappings, integrated packaging products, contract packaging, and various industrial material solutions in domestic and international markets.
KRISHCA Stock Price Movement
Krishca Strapping Solutions Limited finished today by shedding 4.09% in post-market trading, settling at ₹165.10. The stock traded a total of 9,000 shares as it closed for the day.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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