Sharvaya Metals to Acquire Success Electronics for INR 30.24 Crore via Share Swap
M&A
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 14 Oct 2026, 02:38 PM IST · BSE ID: c0fd1a22-7b74-4d9b-93d0-4335c1fec674
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is buying Success Electronics for INR 30.24 Crore using its own shares, and also raising INR 11.67 Crore via warrants.
🤖 AI Summary
- Sharvaya Metals' Board approved acquiring 100% share capital of Success Electronics Private Limited for INR 30,24,00,000.
- The acquisition will be completed through a share swap, issuing 21,00,000 equity shares at INR 144 per share.
- The company also approved issuing 8,11,000 Fully Convertible Warrants for INR 11,67,84,000 on a preferential basis.
- Shareholder and regulatory approvals are required for the increased authorized capital and the share issuance.
- Success Electronics reported a turnover of INR 4.48 Crores and a Net Profit of INR 88.61 lacs for H1 FY27.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Consideration
INR 30,24,00,000
Equity Shares for Acquisition
21,00,000
Issue Price per Share/Warrant
INR 144
Warrant Issue Aggregation
INR 11,67,84,000
Warrants Allotted
8,11,000
Success H1 FY27 Turnover
INR 4.48 Crores
Success H1 FY27 Net Profit
INR 88.61 lacs
🏢 How This Affects the Company
This acquisition expands Sharvaya Metals' manufacturing capabilities into aluminium high-pressure die-cast components, particularly for electric vehicles and the broader automotive industry.
The acquisition of Success Electronics for INR 30,24,00,000 will be financed through a non-cash share swap, while the preferential allotment of warrants aims to raise INR 11,67,84,000 in cash.
Sharvaya Metals will integrate Success Electronics' existing manufacturing facilities, which include 218-tonne and 418-tonne HPDC machines, enhancing its production capacity.
The transaction falls within related party transactions, as key directors and promoters of Sharvaya Metals also hold positions in Success Electronics. The fair value of the transaction has been determined by a registered valuer.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are required to vote on the proposed increase in Authorised Share Capital, preferential allotment of warrants, and the acquisition of Success Electronics at the upcoming Extraordinary General Meeting (EGM).
👤
Who Is Affected
Existing shareholders will be affected by the increase in Authorised Share Capital and potential dilution from the issuance of up to 21,00,000 equity shares for the acquisition and up to 8,11,000 warrants.
🔍
Management Signal
Management intends to expand the company's business through inorganic growth and raise capital for future endeavors via preferential issues.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Outcome of the Extraordinary General Meeting (EGM) regarding shareholder approvals.
Timelines for obtaining necessary regulatory approvals for the acquisition and share issuance.
Completion of the Share Purchase and Swap Agreement for Success Electronics.
MEDIUM RISK
Acquisition is a related party transaction and hinges on shareholder and regulatory approvals, which carry execution risk.
💡 Investor Takeaway
Sharvaya Metals approved acquiring 100% of Success Electronics Private Limited for INR 30,24,00,000 via a share swap, and plans to issue 8,11,000 warrants for INR 11,67,84,000. These actions require shareholder and regulatory approvals. Success Electronics recorded INR 4.48 Crores turnover for H1 FY27.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of Success Electronics adds established manufacturing of aluminium high-pressure die-cast components for electric vehicles.
- Preferential warrant issue to raise INR 11,67,84,000 in cash provides capital for growth or operational needs.
⚠️ Concerns
- The acquisition is a related party transaction involving directors and promoters, requiring scrutiny for minority shareholder interests.
- The acquisition and warrant issuance are subject to shareholder and regulatory approvals, introducing execution uncertainty.
📅 Company Track Record
Sharvaya Metals Limited was incorporated in 2014 (CIN: L27310PN2014PLC150937). No specific details on IPO date or listing history are available in this filing. The company's prior filings context shows no previous filings found.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total consideration for Sharvaya Metals' acquisition of Success Electronics Private Limited?
Sharvaya Metals will acquire 100% share capital of Success Electronics Private Limited for a total consideration of INR 30,24,00,000 (Indian Rupees Thirty Crore Twenty-Four Lakhs Only).
How is Sharvaya Metals financing the acquisition of Success Electronics?
The acquisition is being financed through a share swap (non-cash consideration basis), issuing 21,00,000 fully paid-up equity shares of Sharvaya Metals at INR 144 per share.
What is the turnover and net profit of Success Electronics Private Limited?
Success Electronics Private Limited reported a turnover of INR 4.48 Crores and a Net Profit of INR 88.61 lacs for the half-year ending September 30, 2026.
What additional fundraising was approved by Sharvaya Metals' Board?
The Board approved issuing up to 8,11,000 Fully Convertible Warrants, each at INR 144, aggregating to INR 11,67,84,000, on a preferential basis for cash.
Does this acquisition involve related parties?
Yes, the acquisition falls within related party transactions, as Mr. Shreyans Ravindra Katariya and Mr. Balasaheb Jalinder Kale, directors and promoters of Sharvaya Metals, are also directors and shareholders in Success Electronics.
Questions based on this BSE filing only. For information purposes.