BSECompany Update1d ago · 22 Jul 2026, 09:18 pm
Pursuant to the provisions of Regulation 30 of the SEBI (LODR) Regulations 2015, we hereby inform you that Chiraharit Limited has been allotted 4,80,000 Equity Shares of Face value of Rupees ....
Chiraharit Ltd · 544561
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Chiraharit Limited has been allotted 480,000 Equity Shares of Face Value of Rs. 10 each by Malaxmi Polymers Private Limited (MPPL) through Rights Issue, increasing the Company's shareholding in MPPL to 72%.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Chiraharit Ltd - 544561 - Announcement Under Regulation 30 (LODR)- Updates (
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Chiraharit Limited
(Formerly known as Chiraharit Private Limited)
Malaxmi Courtyard, Survey No. 157, Khajaguda Village,
Chitrapuri Colony Post, Hyderabad – 500 104.
Tel: 040-2988 8774, Mob: 77994 97774,
Email: info@chiraharit.com, Web: www.chiraharit.com
CIN: L29100TG2006PLC050818
Date: 22nd July 2026
The Manager
Department of Corporate Services
BSE Limited
25th Floor, P.J. Towers
Dalal Street, Mumbai — 400 001
Maharashtra, India
Respected Sir/Madam,
Sub: Update – Regulation 30 - Intimation of Allotment of Equity Shares of Malaxmi
Polymers Private Limited (“Subsidiary Company/ MPPL”) through Rights Issue
Ref: Scrip Code: 54456;
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015 ("LODR Regulations"), we hereby inform you that
Chiraharit Limited (the Company) has been allotted 4,80,000 Equity Shares of Face Value of
Rs. 10/- each by MPPL, by way of Rights Issue.
Pursuant to this allotment, the Company holds 18,00,000 Equity shares, representing 72% of
total shareholding in MPPL.
The details as required pursuant to the LODR Regulations read with SEBI Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are set out in
Annexure - I to this letter.
Kindly take the above information on record.
Thanking you
Yours faithfully,
For CHIRAHARIT LIMITED
PAVANKUMAR BANG
Managing Director and CEO
DIN: 03614791
Chiraharit Limited
(Formerly known as Chiraharit Private Limited)
Malaxmi Courtyard, Survey No. 157, Khajaguda Village,
Chitrapuri Colony Post, Hyderabad – 500 104.
Tel: 040-2988 8774, Mob: 77994 97774,
Email: info@chiraharit.com, Web: www.chiraharit.com
CIN: L29100TG2006PLC050818
Annexure-I
S. No. Particulars of Disclosure Disclosure
1. Name of the target entity, details Name of the Company: Malaxmi Polymers
in brief such as size, turnover etc Private Limited (“MPPL / Subsidiary
Company”).
Authorized Capital: Rs.3,00,00,000/-
(Rupees Three Crores only)
Paid up Capital: Rs.2,50,00,000/- (Rupees
Two Crore Fifty Lakhs only)
Turnover: MPPL had revenue from business
operations of Rs.7,35,87,172/- for the financial
year 2025-26
2. Whether the acquisition would MPPL, being a Subsidiary Company of
fall within related party Chiraharit Limited, is a related party of the
transaction(s) and whether the Company. The transaction falls within the
promoter/ promoter group/ group ambit of related party transactions and is at
companies have any interest in the arms’ length basis.
entity being acquired? If yes, Promoters and Directors of the Company viz.,
nature of interest and details Mrs. Tejaswini Yarlagadda and Mr. G.V.
thereof and whether the same is Ramana Reddy are Shareholders in MPPL.
done at “arm’s length”; Another Promoter, MD & CEO of the
Company Mr. Pavan Kumar Bung is a
Director in MPPL.
3. Industry to which the entity being Manufacturing – Plastics & Polymer Products
acquired belongs (HDPE/PVC Pipes)
4. Objects and impact of acquisition MPPL is engaged in the business of
(including but not limited to, Manufacturing of Plastic and Polymer
disclosure of reasons for Products (HDPE/PVC Pipes).
acquisition of target entity, if its
business is outside the main line The business of the subsidiary is supporting
of business of the listed entity the main line business of the Company.
5. Brief details of any governmental Not Applicable
or regulatory approvals required
for the acquisition
Chiraharit Limited
(Formerly known as Chiraharit Private Limited)
Malaxmi Courtyard, Survey No. 157, Khajaguda Village,
Chitrapuri Colony Post, Hyderabad – 500 104.
Tel: 040-2988 8774, Mob: 77994 97774,
Email: info@chiraharit.com, Web: www.chiraharit.com
CIN: L29100TG2006PLC050818
S. No. Particulars of Disclosure Disclosure
6. Indicative time period for Not Applicable
completion of the acquisition
7. Consideration - whether cash The allotment of Shares was made for Cash
consideration or share swap or Consideration.
any other form and details of the
same
8. Cost of acquisition and/or the The allotment of 4,80,000 (Four Lakh Eighty
price at which the shares are Thousand) Equity Shares was done at the face
acquired value of Rs.10/- each aggregating to
Rs.48,00,000/- (Rupees Forty-Lakhs Only)
9. Percentage of shareholding / Pursuant to the allotment of 4,80,000 (Four
control acquired and / or number Lakh Eighty Thousand) Equity Shares of face
of shares acquired value of Rs.10/-, the Company holds
18,00,000 Equity Shares representing 72% of
the total shareholding of MPPL.
10. brief background about the entity MPPL was incorporated under the Companies
acquired in terms of products/line Act, 2013 on June 17, 2020 as a subsidiary of
of business acquired, date of the Company.
incorporation, history of last 3
years turnover, country in which MPPL is engaged in the business of
the acquired entity has presence Manufacturing of Plastic and Polymer
and any other significant Products (HDPE/PVC Pipes).
information (in brief)
Turnover during the last three years:
1. During the Financial Year 2025-26:
Rs.7,35,87,172/-
2. During the Financial Year 2024-25:
Rs.8,46,92,204/-
3. During the Financial Year 2023-24:
Rs.8,78,00,458/-
Country of presence of MPPL: India