Malpani Pipes and Fittings has received approval for acquisition of 100% equity shares of M/s Terex Industries. The company is acquiring Terex Industries to strengthen and expand its existing polymer and piping business. The acquisition is strategically aligned with the company's core business activities and will enhance its presence in the manufacturing, trading, import-export, and distribution of polymer-based pipes, fittings, plumbing materials, and allied products.
The acquisition is expected to broaden the company's product portfolio, improve operational capabilities, create business synergies, and expand market reach across industrial, agricultural, infrastructure, and construction sectors. It will also support diversification into allied trading and processing activities, thereby contributing to the company's long-term growth and value creation.
The total consideration for the acquisition is Rs 3.96 crore for the 100% stake comprised in 30,00,000 equity shares of face value of Rs 10 each of Terex Industries. The acquisition will be completed on or before July 31, 2026. Upon such acquisition, Terex Industries shall become wholly owned subsidiary of Malpani Pipes and Fittings.
The Board of Directors of the Company, in its meeting held on May 28, 2026, has approved the same.
Malpani Pipes and Fittings, an ISO 9001:2015 certified company based in Ratlam, Madhya Pradesh, manufactures a range of high-grade plastic pipes. Its products include High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under the brand name ‘Volstar’.
