V-Guard Industries has received approval to make further investment in the securities of Gegadyne Energy Labs (GEL) to the tune of Rs 20.01 crore. Post-acquisition, of the proposed transaction, the shareholding in the company (GEL) will be 24.32% (on fully diluted basis) pursuant to which GEL will become associate company of V-Guard. The Board of Directors of the Company at their meeting held on October 31, 2023, has approved the same
V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.
