Suditi Industries Ltd. Completes Acquisition of SAA & Suditi Retail Private Limited
Suditi Industries Ltd. announced the successful completion of an acquisition on March 27, 2026, acquiring the remaining 50% equity shareholding in SAA & Suditi Retail Private Limited. This acquisition transforms SAA & Suditi Retail Private Limited into a wholly-owned subsidiary of Suditi Industries Limited.The acquisition was conducted at an arm's length basis based on an independent valuation report, with the shareholding acquired from Project Anushka Sharma Lifestyles Private Limited. The cost of acquisition was Rs. 5,000.
SAA & Suditi Retail Private Limited, incorporated on September 19, 2017, is engaged in the manufacturing of textile garments and clothing accessories. The company reported a turnover of Rs. 50,28,451 for the year ended March 31, 2024, and Rs. 24,42,943 for the year ended March 31, 2023. The entity operates within India.
The acquisition is intended to consolidate the company’s existing investment and provide greater operational control and improved managerial and administrative efficiencies. The acquisition was completed within 12 months and involved a cash transaction.
| Particulars | Details |
|---|---|
| Name of Entity | SAA & Suditi Retail Private Limited |
| Authorised Share Capital | Rs. 10,00,000 |
| Paid Up Share Capital | Rs. 10,00,000 |
| Turnover (March 31, 2025) | 0 |
| Incorporation Date | September 19, 2017 |
| Country of Presence | India |
| Acquisition Cost | Rs. 5,000 |
| Shareholding Acquired | 100% |
| Turnover (2022-23) | Rs. 24,42,943 |
| Turnover (2023-24) | Rs. 50,28,451 |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: