NSEGeneral Updates30 Sept 2026 · 30 Sept 2026, 10:16 pm
General Updates
Carborundum Universal Limited · CARBORUNIV
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Carborundum Universal Limited has infused USD 3 million into its wholly owned subsidiary, CUMI International Limited, to support the funding requirements of CUMI International Limited in connection with the proposed closure of its wholly owned subsidiary in Germany.
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Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Carborundum Universal Limited has informed the Exchange about Capital infusion in CUMI international Limited, Wholly owned subsidiary.
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30th September2026
BSE Limited
25th Floor, Phiroze Jeejeebhoy Towers
Dalal Street, Stock Code: 513375
Mumbai 400 001
National Stock Exchange of India Ltd.
Exchange Plaza, 5th Floor
Plot No. C/1, G Block
Bandra-Kurla Complex, Bandra (E) Stock Code: CARBORUNIV
Mumbai 400 051
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Capital infusion in Wholly owned
subsidiary
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has
infused USD 3 million (approximately Rs. 28.78 crore) into M/s. CUMI International Limited,
Cyprus, a wholly owned subsidiary of the Company today, by way of subscription to its equity
share capital. The investment has been made to support the funding requirements of CUMI
International Limited in connection with the proposed closure of its wholly owned subsidiary
in Germany, CUMI Awuko Abrasives GmbH.
The details as required under SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-
CFDPOD2/I/3762/2026 dated 30th January 2026 is enclosed as Annexure.
Kindly take the above information on record.
Thanking you
Yours faithfully,
For Carborundum Universal Limited
Rekha Surendhiran
Company Secretary
Encl. as above
Annexure
Particulars Information
a. Name of the target entity details in brief such as M/s. CUMI International Limited (CIL), wholly
size, turnover etc.; owned subsidiary of the Company.
Registered equity capital: USD 50 million
Paid up equity capital before current capital
infusion – USD 43.64 million
Paid up equity capital after current capital
infusion – USD 44.24 million
Size / Turnover – 0.50 million (as on
31.12.2025 – financial year of the WoS)
b. whether the acquisition would fall within related Yes, the transaction is between the Company
party transaction(s) and whether the promoter/ and its wholly owned subsidiary and hence the
promoter group/ group companies have any investment is in a Related Party.
interest in the entity being acquired? If yes,
nature of interest and details thereof and In adherence to the pricing guidelines under
whether the same is done at “arms length”; Foreign Exchange Management (Overseas
Investment) Rules, 2022 read with Foreign
Exchange Management (Overseas
Investment) Regulations, 2022 read together
with Foreign Exchange Management
(Overseas Investment) Directions, 2022 as
amended from time to time, the investment is
made at fair value. The Company has a
valuation report supporting the investment
decision.
No promoter/ promoter group/ group
companies have any interest in the entity
being acquired except to the extent of their
shareholding in the Company.
c. industry to which the entity being acquired Holding of overseas subsidiaries
belongs;
d. objects and effects of acquisition The investment has been made to support the
funding requirements of CUMI International
Limited in connection with the closure of its
wholly owned subsidiary in Germany, CUMI
Awuko Abrasives GmbH.
e. brief details of any governmental or regulatory Not applicable
approvals required for the acquisition;
f. indicative time period for completion of the Not applicable
acquisition;
g. nature of consideration - whether cash Cash consideration by way of subscription to
consideration or share swap and details of the equity shares.
same;
h. cost of acquisition or the price at which the USD 3 million (approximately Rs. 28.78
shares are acquired; crores).
Particulars Information
i. percentage of shareholding / control acquired The Company held 100% of the share capital
and / or number of shares acquired; of CIL prior to the investment and continues
to hold 100% of the share capital consequent
to the investment.
j. brief background about the entity acquired in CIL is a company incorporated in Cyprus on 7th
terms of products/line of business acquired, June 2007 and is engaged in holding
date of incorporation, history of last 3 years investments in overseas subsidiaries of the
turnover, country in which the acquired entity Company.
has presence and any other significant
information (in brief); Turnover of last three financial years–
31.12.2023 – USD 4.89 million
31.12.2024 – USD 4.38 million
31.12.2025 – USD 0.50 million