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Outcome of Board Meeting
Sejal Glass Limited · SEJALLTD
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Sejal Glass Limited has informed the Exchange regarding the proposed execution of Business Transfer Agreement with M/s. Magnumtuff India Private Limited for acquiring their business undertaking, pertaining to manufacturing facilities and the sale and supply of Architectural Glass and Automotive Glass business.
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Sejal Glass Limited has informed the Exchange regarding the proposed execution of Business Transfer Agreement with M/s. Magnumtuff India Private Limited
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Ref: SGL/Compliance/2026-27/107 November 06, 2026
BSE Limited National Stock Exchange of India Limited
Floor 25, P J Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 532993 Symbol: SEJALLTD
Dear Sir/Madam,
Subject: PROPOSED EXECUTION OF BUSINESS TRANSFER AGREEMENT (BTA)
WITH M/s. MAGNUMTUFF INDIA PRIVATE LIMITED
Reference: REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015.
Pursuant to Regulation 30 and other applicable regulations of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that
Sejal Glass Limited (“SGL”) in its Board Meeting held on Friday, November 06, 2026 has approved the
proposed execution of Business Transfer Agreement (BTA) with M/s. Magnumtuff India Private Limited
for acquiring their business undertaking, pertaining to manufacturing facilities and the sale and supply of
Architectural Glass and Automotive Glass business from its factory situate at R.S. No. 390/1, Nainglaj
Village, Chikodi Taluka, Belgaum District, Karnataka, including technical know-how, all intellectual
property rights including brand name belonging to the entity and Good will in connection with the
business, customer and vendor relationships, books and records and employees on a ‘slump sale’ basis as
per the terms and conditions laid down in the BTA.
Further the Board has also approved the execution of Sale Deed proposed to be executed between the
parties for the immovable Properties comprising Land & Building of the factory premises at the above-
mentioned location including other ancillary documentation /agreement’s proposed to be executed in this
regard.
The Board Meeting commenced at 11:00 A.M. and concluded at 01:45 P.M.
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026,
are enclosed as Annexure - A.
You are requested to take note of the same on your records.
Thanking You.
Yours faithfully,
For Sejal Glass Limited.
Ashwin S. Shetty
Vice President Operations & Company Secretary - Compliance Officer
Membership No.: A20942
Encl: As above.
Annexure- A
DETAILS AS REQUIRED UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015 READ WITH SEBI CIRCULAR NO.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 DATED JANUARY 30, 2026, ARE
ENCLOSED AS ANNEXURE - A.
Sr. No. Particulars Details
1. Name of the target entity, Not Applicable as no entity is being acquired.
details in brief such as size,
turnover etc.; The said transaction comprises of acquisition of business
undertaking comprising the Architectural Glass Business
and Automotive Glass Business on a going-concern basis by
way of Slump Sale. The undertaking includes the relevant
assets, liabilities, business contracts, inventory, intellectual
property, licences, movable assets and immovable property
forming part of the identified business.
The transaction also contemplates acquisition of the
immovable property by execution of Sale Deed of the
factory land & building situate at R.S. No. 390/1, Nainglaj
Village, Chikkodi Taluka, Belgaum District, Karnataka,
admeasuring 6 Acres 32 Guntas (approximately 25,576.13
sq. metres / 30,588.30 sq. yards).
During the financial year 2025-26 the operating revenue of
the aforesaid business stood at Rs. 36.20 Crores.
2. Whether the acquisition would No, this transaction would not fall within the related party
fall within related party transaction and the Promoter and Promoter Group of Sejal
transaction(s) and whether the Glass Limited do not have any interest in the said
promoter/ promoter group/ transaction.
group companies have any
interest in the entity being
acquired? If yes, nature of
interest and details thereof and
whether the same is done at
“arm’s length”;
3. Industry to which the entity No entity is being acquired.
being acquired belongs;
Magnumtuff India Private Limited is engaged in the business
of manufacturing of Architectural and Automotive Glass
Products.
4. Objects and impact of The object is to acquire the Identified Business Undertaking
acquisition (including but as a going concern through a Slump Sale, comprising the
not limited to, disclosure of
Architectural Glass Business and Automotive Glass
reasons for acquisition of
Business. The transaction will enable Sejal Glass Limited to
target entity, if its business is
expand/strengthen its existing glass business by acquiring an
outside the main line of
business of the listed entity); established business undertaking, including its
manufacturing/business assets, immovable property,
inventory, contracts, licences, intellectual property and other
identified business components. The acquired business is
within the main line of business of Sejal Glass Limited, being
glass manufacturing and related products; hence it is not a
diversification into an unrelated business.
The acquisition is expected to provide significant strategic and
operational advantages to the Company by establishing an
additional manufacturing facility in South India and thereby
expanding the Company's manufacturing footprint to four
manufacturing facilities in India. The geographical location of
the acquired facility in Karnataka, situated in close proximity
to the Maharashtra–Karnataka border, provides the Company
with a strategically positioned manufacturing base to
efficiently cater to markets across Karnataka, Maharashtra,
Goa and other adjoining regions. The location is particularly
advantageous for servicing customers in the Southern
Maharashtra belt as well as the Northern Karnataka market,
while Goa, located approximately 200 kilometres from the
acquired facility, represents an additional important and
readily accessible market. The facility is also expected to serve
as an important regional manufacturing and distribution hub,
complementing the Company's existing manufacturing
facilities and strengthening its overall Pan-India
manufacturing and distribution network.
The acquisition is also expected to create meaningful
operational and business synergies across the Company’s
manufacturing network. The combined manufacturing
footprint will enable the Company to optimise production
allocation amongst its various facilities based on product
requirements, customer location, capacity availability and
logistical considerations. The Company expects to leverage its
existing manufacturing, technical, quality, procurement, sales,
finance, human resources and management capabilities across
the expanded network, thereby facilitating greater utilisation
of resources and improved operational efficiencies.
5. Brief details of any No governmental or regulatory approvals are required to be
governmental or regulatory obtained for the said transaction.
approvals required for the
acquisition;
6. Indicative time period for On or before November 30, 2026.
completion of the
acquisition;
7. Consideration - whether Cash Consideration
cash consideration and/or
share swap and details of the
same;
8. Cost of acquisition or the The aggregate lump-sum purchase consideration of Rs.
price at which the shares are 40,80,00,000/- (Rupees Forty Crores & Eighty Lakhs Only).
acquired.
9. Percentage of shareholding / Not Applicable.
control acquired and / or
number of shares acquired. The transaction does not involve acquisition of equity shares
or voting rights in Magnumtuff India Private Limited. Sejal
Glass Limited is acquiring the Identified Business
Undertaking, comprising the Architectural Glass Business
and Automotive Glass Business, on a going-concern basis
by way of Slump Sale. Accordingly, no percentage
shareholding/control or number of shares is being acquired.
10. Brief background about the Not applicable as no entity is being acquired.
entity acquired in terms of
products / line of business
acquired, date of
i
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