The Company has signed a Business Transfer Agreement with IPR Eminox Technologies Private Limited for Purchase of Manufacturing business on a going concern basis through slump sale.

IP Rings Ltd has signed a Business Transfer Agreement with its 50% owned Joint Venture, IPR Eminox Technologies Private Limited, to purchase its manufacturing division of Exhaust After Treatment Systems through a slump sale for Re. 1. This division had a turnover of Rs. 39 Crores in FY25-26. IP Rings will take over assets worth Rs. 2.67 Crores and working capital of Rs. 2.08 Crores, along with bank liabilities of Rs. 3.45 Crores. The transaction, a related party deal, is deemed to be at arm's length based on a valuer's report, and also includes a Licensing and Technical Support Agreement.