Safe Enterprises Retail Fixtures Completes Acquisition of Stake in SERTPL, Achieves Wholly Owned Subsidiary Status

Safe Enterprises Retail Fixtures Completes Acquisition of Stake in SERTPL, Achieves Wholly Owned Subsidiary Status​

Safe Enterprises Retail Fixtures Limited has completed the acquisition of the remaining equity stake in Safe Enterprises Retail Technologies Private Limited (SERTPL), making SERTPL a wholly owned subsidiary of the Company. The transaction involved the purchase of 5.74% of the paid-up equity share capital from certain promoter shareholders, achieving complete consolidation of interests within the Group.

The acquisition was finalized on June 17, 2026, following the execution of a Share Purchase Agreement (SPA). Through this transaction, Safe Enterprises Retail Fixtures Limited acquired 28,677 equity shares representing 5.74% of SERTPL's paid-up equity share capital.

The consideration for the acquisition was cash. The price per equity share was Rs. 4,388, resulting in an aggregate consideration of Rs. 12,58,34,676.

Entity Details and Business Profile​

SERTPL, which operates in the Retail Fixtures, Shopfitting, and Retail Infrastructure Solutions industry, was incorporated on February 24, 2020. The Company's manufacturing unit is located in Pune, Maharashtra. SERTPL is engaged in designing, engineering, manufacturing, trading, or dealing in shopfittings and retail fixtures.

The acquisition of the balance equity shares from promoter shareholders—namely Mr. Mikdad Saleem Merchant, Mr. Huzefa Saleem Merchant, and Mr. Saleem Shabbir Merchant—falls under related party transactions. The Company was previously holding 94.26% of the paid-up equity share capital in SERTPL.

The acquisition enables complete alignment of business interests and strategic initiatives across the Group. As a material subsidiary integral to the Group's ecosystem, full ownership will facilitate deeper integration of operations, technology platforms, customer relationships, and intellectual property development.

Financial Performance of SERTPL​

The turnover details for Safe Enterprises Retail Technologies Private Limited (SERTPL) for the last three financial years are as follows:


The acquisition of the remaining stake is expected to be completed within 30 to 45 days from the execution date of the SPA.

SAFEENTP Stock Price Movement​

Safe Enterprises Retail Fixtures Limited shares today slipped by 0.37% to close at ₹268.65, as trading concluded for the day. The stock saw a volume of 34,500 shares traded during its session.