V-Guard Industries has completed the acquisition of balance 26% of equity shares of Guts Electro-Mech, Subsidiary company, by making call option in accordance with the Share purchase and Subscription Agreement dated August 31, 2017 and the addendum executed. GUTS Electro-Mech has become wholly owned subsidiary of the company effective from September 1, 2022. The cost of acquisition for the 26% equity stake as per the Share purchase and subscription agreement dated August 31, 2017 is Rs 6.2 crore.
V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.
