BSECompany Update10 Aug 2026 · 10 Aug 2026, 07:36 pm
Intimation under regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Pet Plastics Ltd · 524046
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Pet Plastics Ltd has acquired 100% stake in Penganga Sakhar Karkhana Private Limited, a sugar manufacturing and allied agro-processing company, for ₹240.
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Earnings Impact2/10
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Governance Concern1/10
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Market Sentiment5/10
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Full Announcement
Pet Plastics Ltd - 524046 - Announcement under Regulation 30 (LODR)-Acquisition
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Date: 10-08-2026
The Manager
Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Fort
Mumbai – 400001
Scrip Code: 524046
BSE Symbol: PETPLST
Subject: Update on Acquisition of 0.00133% i.e. 02 Equity Share Stake in Penganga Sakhar Karkhana
Private Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“SEBI LODR Regulations”), we hereby inform the Stock Exchange that the Company has acquired 0.00133%
of the paid-up equity share capital i.e. 02 Equity Share of Penganga Sakhar Karkhana Private Limited
(“Target Company”) in accordance with the terms and conditions of the Share Purchase Agreement.
Prior to the aforesaid acquisition, the Company held 99.99867% of the paid-up equity share capital i.e.
149998 Equity Shares of the Target Company. Upon completion of the aforesaid acquisition of the balance
0.00133%, the Company now holds 100% of the paid-up equity share capital of Penganga Sakhar
Karkhana Private Limited. Accordingly, the Target Company has become a Wholly Owned Subsidiary of
Bharatam Ventures Limited with effect from the date of completion of the acquisition.
The acquisition has been completed upon fulfilment of all contractual obligations and customary closing
conditions stipulated under the Share Purchase Agreement.
The details required under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as Annexure-A.
Kindly take the above information on record.
Thanking You,
Yours faithfully,
For Bharatam Ventures Limited
(Formerly known as Pet Plastics Limited)
Abhinath Shinde
Managing Director
DIN: 07076684
Place: Mumbai
ANNEXURE – A
Disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular dated July 13,
2023
Sr. No. Particulars Updated Disclosure
a) Name of the target entity Penganga Sakhar Karkhana Private Limited
b) Whether the acquisition would Yes. The acquisition constitutes a Related Party Transaction
fall within related party to the extent of the acquisition of 1 (One) Equity Share from
transaction(s) and whether the Mr. Abhinath Manikrao Shinde, who is a Promoter and
promoter/promoter Managing Director of Bharatam Ventures Limited and is also
group/group companies have one of the sellers. The acquisition of the remaining 1 (One)
any interest in the entity being Equity Share from Mr. Balasaheb Eknath Gunjal does not
acquired constitute a Related Party Transaction.
The Promoter/Promoter Group of the Company has an
interest in the Target Company only to the extent of the
aforesaid 1 (One) Equity Share held by Mr. Abhinath
Manikrao Shinde prior to the acquisition. Upon completion
of the acquisition of the balance 2 (Two) Equity Shares, the
Company holds 100% of the paid-up equity share capital of
Penganga Sakhar Karkhana Private Limited.
The transaction is not a material Related Party Transaction
in terms of Regulation 23 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
c) Industry to which the entity Sugar Manufacturing and Allied Agro Processing Industry.
belongs
d) Objects and impact of The acquisition has been completed as a strategic
acquisition investment for diversification of the Company’s business
portfolio into the sugar and allied agro-processing sector.
The acquisition is expected to provide long-term business
opportunities, operational synergies and strengthen the
Company’s presence in the sector.
e) Brief details of any The acquisition has been completed. No further
governmental or regulatory governmental or regulatory approvals are pending, except
approvals required such post-closing statutory compliances, if any, as may be
applicable.
f) Indicative time period for The acquisition is expected to be completed within 30 days
completion from execution of the Share Purchase Agreement dated 10th
August, 2026, subject to completion of customary closing
conditions
g) Nature of consideration Cash consideration in accordance with the Share Purchase
Sr. No. Particulars Updated Disclosure
Agreement.
h) Cost of acquisition and/or price The Company has acquired 2 Equity Shares at ₹120 per
at which the shares are Equity Share, aggregating to ₹240/- (Rupees Two
acquired Hundred Forty Only).
i) Percentage of The Company has acquired 2 Equity Shares representing
shareholding/control acquired 0.00133% of the paid-up equity share capital of
and/or number of shares Penganga Sakhar Karkhana Private Limited. Consequently,
acquired Penganga Sakhar Karkhana Private Limited has become a
Wholly Owned Subsidiary of Bharatam Ventures Limited.
j) Brief background about the Penganga Sakhar Karkhana Private Limited continues to be
entity acquired engaged in the business of sugar manufacturing and allied
agro-processing activities in India. The Company primarily
operates in India. Turnover details are as follows: FY 2025-
26 – Rs. 8,352.89 Lakhs FY 2024-25 – Rs. 3,368.57 Lakhs FY
2023-24 – Rs. 1,404 Lakhs.