Shlokka Dyes Ltd Acquires Equinox Impex Business in Strategic Slump Sale

Shlokka Dyes Ltd Acquires Equinox Impex Business in Strategic Slump Sale​

Shlokka Dyes Limited has acquired the business undertaking of Equinox Impex (EI), a sole proprietorship firm, through a slump sale. The acquisition is aimed at consolidating promoter group interests, improving operational efficiency, and enhancing market access within the textile and chemical industry.

The transaction, completed on 31 July 2026, involved an aggregate cash consideration of Rs. 3,67,49,248.90. This amount comprised Rs. 2,23,24,031.81 towards the business undertaking excluding the trademark and Rs. 1,44,25,217.09 allocated for the trademark asset.

The acquisition is a related party transaction, as Mr. Vaibhav Pravinchandra Shah, the Managing Director of Shlokka Dyes Limited, is also the proprietor of Equinox Impex. The transaction was executed on an arm's length basis and has been reviewed and approved by both the Audit Committee and the Board of Directors of Shlokka Dyes Limited.

Details of Acquired Entity​

Equinox Impex (EI) is engaged in the manufacturing, processing, and trading of synthetic organic dyes and allied chemical products. The firm services customers domestically and internationally across the textile, paint, and paper industries. EI has been operating with a presence in both India and international export markets.

As a sole proprietorship concern, EI's financial performance over the preceding three years is detailed below:


The acquisition includes the transfer of all running operations and assets of EI, including its trademark ‘EQUINOX’.

Strategic Objectives of Acquisition​

Shlokka Dyes Limited stated that the strategic objectives behind the acquisition include establishing business synergy and consolidating promoter group businesses. Equinox Impex specializes in the export trading of synthetic organic dyes, which aligns closely with Shlokka Dyes' existing manufacturing activities, allowing the integration of export trading functions into the company's production processes.

Key benefits anticipated from this integration are:

• Operational Efficiency: Eliminating administrative and compliance duplication currently performed separately by both entities, leading to cost savings.
• Market Enhancement: Bringing EI's established export customer relationships and market access directly under Shlokka Dyes Limited, thereby strengthening the company’s export revenue base.
• Business Alignment: The acquired business is focused on the export of synthetic organic dyes, which falls within the same line of business as Shlokka Dyes Limited (manufacturing dyes), ensuring it is not a diversification into an unrelated sector.

The transaction is expected to be earnings accretive and strengthen Shlokka Dyes’ competitive position without adversely affecting its existing operations or financial standing. The acquisition is anticipated to be completed within 30 days from the date of signing the Business Transfer Agreement (BTA).

Stock Price Movement​

As of 12:10, Shlokka Dyes Ltd is ticking up at ₹22.75, gaining 2.48% in the current trading session. The shares have seen intraday volatility after moving within a range that spanned from a low of ₹21.10 to its high of ₹22.75.