Polyplex to acquire 51% stake in TechNova Printrite for ₹62 crore

Polyplex Corporation Limited has entered into definitive agreements to acquire a 51% stake in TechNova Printrite Products Private Limited for approximately ₹6,210 lakh (~₹62 crore), as part of its strategy to strengthen its value-added product portfolio.The company informed exchanges that it has executed a Share Purchase Agreement (SPA) and a Shareholders’ and Rights Agreement (SHRA) on March 25, 2026, for the transaction. The acquisition values TechNova Printrite at an enterprise value of ₹12,721 lakh for 100% equity, with the final consideration subject to post-closing adjustments.

The acquisition is aimed at achieving manufacturing and marketing synergies between TechNova Printrite and Polyplex, and to strengthen the value-added product portfolio for digital print applications.
Also Read: Sula Vineyards to acquire Chandon’s 19-acre wine estate in Nashik to expand wine tourism
Polyplex Corporation Limited has approved an investment of up to ₹110 lakh to acquire around a 26% stake in BECIS Solar 1 Private Limited, as part of its renewable energy push to develop solar energy projects under the Opex model at its Khatima and Bazpur plants.The firm has also approved an investment of up to ₹11 crore in Clean Max Neht Private Limited, a special purpose vehicle (SPV), to acquire around a 49% equity stake for procuring solar power for its Khatima and Bazpur plants.

The Company said that it will enter into Share Subscription and Shareholders’ Agreement (“SSSA”) with Clean Max Neht Private Limited, for subscribing of Equity Shares in due course.

Also Read: IREDA declares ₹0.60 interim dividend for FY26; record date set for April 2

The investment is part of the company’s plans to support renewable energy deployment across its manufacturing facilities.

The share of the Polyplex closed at ₹813.00, down ₹17.20 (2.07%) on March 25, at NSE.