Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), Sunita Tools has informed that the Company has executed a Joint Venture 50:50 Share Acquisition and Strategic Cooperation Agreement by the Company to acquire incorporated in Bulgaria and engaged in the defence industry for 20 years (Agreement) on October 24, 2026, to acquire registered voting shares representing 50% of the issued share capital and voting rights of the Target Entity. The Target Entity has also joined the Agreement solely to acknowledge and perform its stated corporate obligations. Upon completion of the proposed acquisition and transfer of shares pursuant to the Agreement, the Target Entity will become a 50:50 JV Partner of the Company. The acquisition is conditional upon completion of due diligence, an independent valuation, compliance with FEMA and the Overseas Investment regulations, and the requisite regulatory approvals in India and Bulgaria. The acquisition is a strategic investment aimed at expanding the Company's presence in the defence sector IN Europe and the companies NCAGE code, Finland, Sweden, South Korea defence registration certificate will be eligible to Sunita Tools Limited for its products The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure-A.
The above information is a part of company’s filings submitted to BSE.
