Maxgrow India acquires Hurricane Windfarms, becoming subsidiary
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 13 Oct 2026, 03:47 PM IST · BSE ID: 2b8e2179-e903-4ec3-beb0-ccc0938e2c1d
View Original BSE Filing (PDF)
💡
In Simple Terms
Maxgrow India bought most of Hurricane Windfarms to combine their businesses and grow, paying cash for the deal.
🤖 AI Summary
- Maxgrow India acquired 74% stake in Hurricane Windfarms Private Limited for INR. 525 per share.
- The acquisition makes Hurricane Windfarms Private Limited a subsidiary of Maxgrow India Limited.
- Hurricane Windfarms operates in the Renewable Energy sector, generating power through wind mills.
- The stated objective is to combine renewable energy and metal trading for synergy and growth.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares acquired in HWPL
1,10,999
Face Value per Equity Share
INR 10/-
Percentage of shareholding acquired in HWPL
74%
Cost of acquisition per share
INR. 525
Total consideration (approximate)
INR. 57,749,475
HWPL Turnover for FY ended March 31, 2026
INR. 269.12 lakhs
HWPL Turnover for FY ended March 31, 2025
INR 21,532.87
HWPL Turnover for FY ended March 31, 2024
INR 21,030.51
🏢 How This Affects the Company
This acquisition expands Maxgrow India's business scope into renewable energy generation, complementing its existing metal trading activities. The integration aims to leverage synergies, customer relationships, and market access to support overall business growth.
The acquisition involves cash consideration and will impact Maxgrow India's balance sheet with the addition of a subsidiary. Specifics on the total cost of acquisition are based on the number of shares and price per share.
Operational integration is anticipated to create efficiencies by combining renewable energy and metal trading capabilities. This may lead to broadened offerings and cross-selling opportunities.
The acquisition introduces operational and integration risks associated with combining businesses in different sectors. Synergies and expected growth require successful integration and market reception.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders. The company has disclosed its strategic acquisition.
👤
Who Is Affected
All shareholders are affected by the company's strategic decision to expand its business into the renewable energy sector.
🔍
Management Signal
The acquisition signals management's intent to diversify and pursue growth opportunities through strategic inorganic expansion.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Integration progress of HWPL's operations with Maxgrow India.
Financial performance of HWPL post-acquisition in future quarterly results.
Details on revenue synergies and cross-selling opportunities realization.
MEDIUM RISK
Acquisition carries integration risks and depends on achieving synergy targets in a new business vertical.
💡 Investor Takeaway
Maxgrow India acquired a 74% stake in Hurricane Windfarms for INR. 525 per share, making it a subsidiary. This expands the company's business into renewable energy, aiming for synergistic growth.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of 74% controlling stake in Hurricane Windfarms Private Limited through cash consideration.
- Target company, HWPL, has a turnover of INR. 269.12 lakhs for FY ended March 31, 2026.
⚠️ Concerns
- Cost of acquisition is INR. 57,749,475 based on 1,10,999 shares at INR 525 per share.
- Hurricane Windfarms reported a turnover of INR. 269.12 lakhs for FY2025-26, a modest figure.
❓ Frequently Asked Questions
What percentage stake did Maxgrow India acquire in Hurricane Windfarms Private Limited?
Maxgrow India acquired a 74% stake in Hurricane Windfarms Private Limited by purchasing 1,10,999 equity shares.
What is the acquisition price per share for Hurricane Windfarms?
The acquisition was made at a price of INR. 525 per share.
What is the business of Hurricane Windfarms Private Limited?
Hurricane Windfarms Private Limited is engaged in generating and selling power through wind mills, operating in the Renewable Energy sector.
What was the turnover of Hurricane Windfarms for the financial year ended March 31, 2026?
The turnover of Hurricane Windfarms for the financial year ended March 31, 2026 was INR. 269.12 lakhs.
What is the stated objective of Maxgrow India's acquisition?
The acquisition is intended to generate synergies by combining renewable energy and metal trading activities with Maxgrow India's existing capabilities.
Questions based on this BSE filing only. For information purposes.