Spectrum Electrical Industries has successfully completed the acquisition of 10,000 equity shares, representing 100% of the equity share capital of Alric Electric, from the existing shareholders of Alric Electric by executing Securities Transfer Forms in accordance with the provisions of the Companies Act, 2013. Cost of acquisition is Rs 1.11 crore.
Earlier, the Board Meeting of the company at their meeting held on February 04, 2026 had considered, and approved the proposal for acquisition of majority stake (representing 100% of equity capital) of Alric Electric.
Spectrum Electrical Industries is engaged in the business of designing and manufacturing of electrical, automobile and irrigation components as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model.
