In furtherance to intimation dated November 13, 2024, regarding receipt of approval of Board of Directors for acquisition of 100% stake of Thriarr Polymers Private Limited (Thriarr Polymers), Hitech Corporation has informed that the Company has today i.e. on February 24, 2025 entered into a Share Purchase Agreement (SPA) with the shareholders of Thriarr Polymers for acquisition of 100% of the paid-up share capital on a fully diluted basis. Post completion of transfer of shares Thriarr Polymers will become wholly owned subsidiary of the Company. The details for the above acquisition as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, are enclosed herewith as Annexure A.
The above information is a part of company’s filings submitted to BSE.
