NSEGeneral Updates11h ago · 1 Sept 2026, 04:13 pm
General Updates
Flair Writing Industries Limited · FLAIR
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Flair Writing Industries Limited has informed the Exchange about General Updates on acquisition of shares in Wholly-Owned Subsidiary, Flair Writing Equipments Private Limited, through Rights Issue.
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Flair Writing Industries Limited has informed the Exchange about General Updates on acquisition of shares in Wholly-Owned Subsidiary.
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Ref- FWIL/SEC/2026-27/43
Date: September 01, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza,
Dalal Street C/1, G Block, Bandra - Kurla Complex
Mumbai - 400 001. Bandra (East), Mumbai - 400 051.
Scrip Code : 544030 Symbol : FLAIR
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Further Investment in Flair Writing Equipments Private
Limited, Wholly Owned Subsidiary of the Company, through Rights Issue
Dear Sir(s)/ Madam(s),
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you
that the Company has been allotted 3,415 (Three Thousand Four Hundred and Fifteen) equity
shares of ₹10/- each at an issue price of ₹2,92,845/- per equity share, aggregating to
₹100,00,65,675/- (Rupees One Hundred Crore Sixty-Five Thousand Six Hundred and Seventy-Five
only), by way of subscription to the Rights Issue of Flair Writing Equipments Private Limited
(“FWEPL”), a wholly owned subsidiary of the Company.
There will be no change in the shareholding of the Company, and FWEPL will continue to remain
a wholly owned subsidiary of the Company.
The relevant disclosure as required under Regulation 30 of the SEBI Listing Regulations read with
SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,
2026, is enclosed as Annexure – A.
The aforesaid information will also be made available on the Company’s website at:
https://www.flairworld.in/
You are requested to kindly take the aforesaid information on record.
Thanking you,
Yours faithfully,
For Flair Writing Industries Limited
Mr. Vishal Kishor Chanda
Company Secretary and Compliance Officer
Encl: As above
Annexure – A
(Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026
Sr. No Particulars Details
1. Name of the target entity, details in brief such Flair Writing Equipments Private Limited
as size, turnover, etc. (“FWEPL”) was incorporated under the
Companies Act, 2013, as a Private Limited
Company. FWEPL is a wholly owned
subsidiary of Flair Writing Industries
Limited and is engaged in the business of
manufacturing and dealing in writing
instruments and related products.
Paid-up capital: ₹1,34,150/- (post allotment
pursuant to the Rights Issue)
Standalone Turnover of FWEPL as on
March 31, 2026 – ₹2,35,23,71,496/-
Consolidated Turnover of FWEPL as on
March 31, 2026 - ₹ 2,70,94,79,795/-
2. Whether the acquisition would fall within Flair Writing Industries Limited (“FWIL”)
related party transaction(s) and whether the and Flair Writing Equipments Private
promoter/promoter group/group Limited (“FWEPL”) maintain the
companies have any interest in the entity relationship of Holding Company and
being acquired? If yes, nature of interest and Wholly-owned Subsidiary Company.
details thereof and whether the same is done
at “arm’s length”. Except to the extent of shares held by FWIL
in FWEPL, the promoter/promoter
group/group companies have no other
interest in FWEPL.
The transaction is being undertaken
pursuant to the Rights Issue of FWEPL and
is at arm’s length basis. The issue price of
the equity shares is derived from the
valuation report issued by a SEBI
Registered Category I Merchant Banker
3. Industry to which the entity being acquired Manufacturing and dealing in writing
belongs instruments and related products.
4. Objects and effects of acquisition, including The investment is being made by
but not limited to disclosure of reasons for subscribing to the Rights Issue of FWEPL
acquisition of target entity if its business is with a view to supporting its financial and
outside the main line of business of the listed business requirements and strengthening
entity. its financial position. The funds raised
through the Rights Issue will also be utilised
towards repayment of outstanding debt
and reduction of the financial liabilities and
associated finance costs of FWEPL.
5. Brief details of any governmental or Not Applicable.
regulatory approvals required for the
acquisition.
6. Indicative time period for completion of the The equity shares have been allotted by
acquisition FWEPL on September 01, 2026.
7. Nature of consideration – whether cash Cash consideration.
consideration or share swap and details of the
same.
8. Cost of acquisition or the price at which the ₹100,00,65,675/-, comprising 3,415 equity
shares are acquired. shares of ₹10/- each issued at an issue price
of ₹2,92,845/- per equity share, including a
securities premium of ₹2,92,835/- per
equity share.
9. Percentage of shareholding/control acquired The Company has been allotted 3,415 equity
and/or number of shares acquired. shares pursuant to the Rights Issue. There
will be no change in the Company's
shareholding in FWEPL and FWEPL will
continue to remain a wholly owned
subsidiary of the Company.
10. Brief background about the entity acquired in Date of Incorporation: November 4, 2019
terms of products/line of business acquired,
date of incorporation, history of last 3 years Country of Presence: India
turnover, country in which the acquired
entity has presence and any other significant Line of Business: Manufacturing and
information (in brief). dealing in writing instruments and related
products.
Turnover of FWEPL for the last three (3)
financial years:
Standalone Consolidated
FY Rs. in Lakhs Rs. in Lakhs
2025-26 23,523.71 27094.80
2024-25 14,009.48 14369.18
2023-24 8,134.01 -
Any other significant information: Nil