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

✦ AI SummaryM&A

Pet Plastics Ltd has acquired 100% stake in Penganga Sakhar Karkhana Private Limited, a sugar manufacturing and allied agro-processing company, for ₹240.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Pet Plastics Ltd - 524046 - Announcement under Regulation 30 (LODR)-Acquisition

Attachments (1)

📄

6330ebdb-57c1-446a-a8f3-d0d0b6c056e1.pdf

pdf

Download →
View document text
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.