Sabar Flex India Limited Acquires Pionex Agricom Private Limited
Sabar Flex India Limited announced on March 26, 2026, that it has acquired 100% of the paid-up share capital of Pionex Agricom Private Limited. The acquisition involved the purchase of 21,60,000 equity shares.Consequent to the acquisition, Pionex Agricom Private Limited has become a wholly-owned subsidiary of Sabar Flex India Limited, effective March 26, 2026. The acquisition is in line with the company’s strategy for business expansion and diversification.
Pionex Agricom Private Limited is engaged in agro business. The company’s turnover for fiscal year 2024-25 was X 4,884.72 Lakhs, and X 3,398.25 Lakhs for fiscal year 2023-24. The company was incorporated in India (CIN: U01100GJ2021PTC120623) and has a presence in India.
The acquisition was completed on March 26, 2026, and involved a cash consideration. The acquisition does not fall within related party transactions, and the Promoter/Promoter Group/Group Companies do not have any interest in Pionex Agricom Private Limited. Governmental or regulatory approvals were not required for the acquisition.
| Particulars | Details |
|---|---|
| Name of the target entity | Pionex Agricom Private Limited |
| Turnover (FY 2024-25) | 4,884.72 Lakhs |
| Turnover (FY 2023-24) | 3,398.25 Lakhs |
| Industry | Agro |
| Shares acquired | 21,60,000 |
| Consideration | Cash |
| Acquisition Completion Date | March 26, 2026 |
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