Sejal Glass Limited (SEJALLTD) announced the Board's approval on 8 Apr 2025 for a Business Transfer Agreement with Glasstech Industries (India) Private Limited to acquire their architectural glass business via slump sale.
The acquisition includes manufacturing facilities and the sale & supply of architectural glass & related products from factories in Taloja, Maharashtra & Erode, Tamil Nadu.
It also encompasses technical know-how, intellectual property rights, brand name, goodwill, customer & vendor relationships, books & records, and employees.
Sejal Glass will also execute a Leave & License/Lease agreement for the factory premises.
The acquired business had an operating revenue of ₹ 63.74 crore in FY 2023-24.
The total cash consideration for the acquisition is ₹ 34.60 crore (Rupees Thirty Four Crores Sixty Lakhs Only), to be paid in cash.
The acquisition is expected to be completed before 31 May 2025.
This acquisition will expand Sejal Glass's footprint across India and international markets, offering synergy, growth, brand building, and increased business scale.