Tankup Engineers signs agreement to acquire 100% of Hitech Hydraulics partnership
Tankup Engineers Ltd · Industrial Products
What the filing says
- Definitive Agreement dated September 09, 2026 for 100% Partnership Interest in M/s Hitech Hydraulics; in phase 1 the Company acquired 30% Partnership Interest on September 09, 2026.
- Cash consideration; price not disclosed due to confidentiality. Completion expected within 12 months in one or more tranches, subject to due diligence, closing and regulatory approvals, if any.
- Target turnover was INR 184.5 Mn in FY 2025-26, INR 263.5 Mn in FY 2024-25 and INR 256.0 Mn in FY 2023-24; it is AS9100-certified.
Why it's rated notable: Rated high because the target's INR 184.5 Mn FY 2025-26 turnover is about a third of the company's ₹57 crore annual revenue, the definitive agreement is signed with 30% already acquired, and the price is not disclosed.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Acquisition
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