Synopsis:
Filtron Engineers Ltd. has announced key strategic moves including the acquisition of 100% stake in Gabrielle Infra Speciality Pvt. Ltd. (GISPL) and approval for preferential issuance of equity and preference shares. These decisions aim to expand the company’s footprint into the construction sector and strengthen its capital structure.
This company manufactures and supplies Food, Dairy, Beverages and Chemical equipment is in focus as it announced its acquisition of 100% stake in Gabrielle Infra Speciality Pvt. Ltd
With market capitalization of Rs. 3.68 cr, the shares of Filtron Engineers Ltd are currently trading at Rs. 14.06 per share, locked at upper circuit of 10%, from its previous close of Rs. 12.79 per share.
News
Filtron Engineers approved the acquisition of 100% in Gabrielle Infra Speciality Pvt. Ltd. (GISPL), a construction services company with FY25 turnover of Rs. 72.24 Cr, through a share swap involving 4.5 crore equity shares and 1.92 crore 0.5% NCCRPS.
The company also plans a preferential issue of 1.59 crore equity shares for cash to non-promoters, raising Rs. 15.9 Cr. In addition, the authorised share capital will increase from Rs. 3.5 Cr to Rs. 85 Cr, subject to shareholder approval via postal ballot.
Promoters will acquire 13.66 lakh and 1,700 equity shares, while the preferential share swap will allot 4.5 crore equity shares to non-promoters, with Mr. Tarak Gor and Mr. Jayesh Rawal receiving 35.42% each post-allotment.
The 1.92 crore 0.5% NCCRPS will also be issued to non-promoters, and 1.59 crore equity shares will be allotted to 25 non-promoter investors for cash. These strategic moves mark Filtron Engineers’ entry into the construction sector while strengthening its equity base.
About the company
Filtron Engineers Ltd is an Indian engineering company engaged in manufacturing and supplying filtration systems, industrial equipment, and related engineering solutions. The company serves diverse sectors including automotive, construction, and industrial applications, focusing on quality products and technological innovation. Recently, Filtron Engineers has expanded into the construction sector through strategic acquisitions and preferential share issuances.
Written by Manideep Appana
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