Jamna Auto Approves £2M Cash Acquisition of UK Firm Owen Springs

NEW DELHI — Auto component manufacturer Jamna Auto Industries Limited [NSE: JAMNAAUTO, BSE: 531497] announced that its Board of Directors has approved the 100% acquisition of UK-based Owen Springs Limited. The transaction, structured as a full cash consideration of £2.00 million (approximately ₹21.5 crore), involves acquiring the entire issued share capital from existing owner OSL Group Holdings Limited.

The cross-border acquisition provides India's largest commercial vehicle spring manufacturer with an established manufacturing and distribution operational platform inside the United Kingdom and European markets. According to company disclosures submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the deal is targeted for full completion by August 31, 2026, subject to customary closing conditions.

Transaction Details and Financial Terms

The board-approved agreement establishes that Jamna Auto Industries will acquire 100% of the equity capital of Owen Springs Limited through an all-cash payout. The total purchase price of £2.00 million remains subject to post-closing adjustments linked to net current assets on the completion date, as outlined in the Share Purchase Agreement.

The transaction does not require statutory regulatory approvals, reducing procedural friction ahead of the targeted August 31 closing date. Jamna Auto Industries confirmed that the deal does not fall under related-party transaction rules, as neither the promoter group nor associated entities hold any financial interest in Owen Springs Limited or OSL Group Holdings Limited.

Strategic Fit & UK Footprint Expansion

Owen Springs Limited, incorporated in England and Wales in July 2004, specializes in the manufacturing, re-manufacturing, and trading of leaf springs, parabolic springs, and allied suspension components for commercial vehicles and specialty automotive applications.

The business acquisition directly aligns with Jamna Auto Industries' overarching long-term corporate initiative, "Lakshya – RISE 5000," which targets international market penetration, portfolio diversification, and global customer acquisition. Rather than establishing a greenfield facility overseas, acquiring Owen Springs provides Jamna Auto Industries with immediate operational infrastructure, localized technical expertise, and an active UK customer pipeline.

Financial disclosures filed alongside the regulatory notification show that Owen Springs Limited recorded an annual turnover of £2.76 million (approx. ₹29.7 crore) for the calendar year ended December 31, 2025. The target firm generated a Profit After Tax (PAT) of £132,000 and maintained a net worth of £1.04 million during the same period.

Official Sources

According to official regulatory filings submitted to Indian stock exchanges and corporate releases issued by Jamna Auto Industries Limited:

"The proposed acquisition is aligned with the company's Lakshya – RISE 5000 strategy of expanding into new markets. The transaction will strengthen the company's international presence, enhance access to customers in the United Kingdom and neighboring regions, and create opportunities for operational synergies and long-term value creation."

Why It Matters

• For Shareholders & Investors: The transaction expands Jamna Auto Industries' earnings base beyond domestic original equipment manufacturer (OEM) cycles while deploying capital reserves into inorganic international growth without dilution.

• For Commercial Vehicle Manufacturers: Integrates Indian manufacturing efficiency with localized UK warehousing, technical assistance, and rapid replacement supply chain services.

• For Automotive Supply Chains: Strengthens cross-border component availability across European and British heavy commercial vehicle and aftermarket suspension segments.

Key Facts at a Glance

• Total Consideration: £2.00 million (₹21.5 crore) payable entirely in cash.

• Acquisition Target: Owen Springs Limited, a UK-based leaf and parabolic spring specialist.

• Target Completion: Expected by August 31, 2026, upon satisfaction of customary closing terms.

• Strategic Objective: Formally advances the company’s Lakshya – RISE 5000 international growth strategy.

Frequently Asked Questions (FAQ)

What is Jamna Auto Industries acquiring in the UK?

Jamna Auto Industries is acquiring 100% of the issued share capital of Owen Springs Limited, a UK manufacturer and distributor of parabolic and leaf springs, from OSL Group Holdings Limited.

How much is Jamna Auto paying for Owen Springs?

Jamna Auto Industries has agreed to pay £2.00 million in cash, subject to working capital and net current asset adjustments at closing.

When will the transaction close?

The company expects to finalize all closing formalities under the Share Purchase Agreement by August 31, 2026.

Are regulatory approvals required for this acquisition?

No regulatory approvals are required for the transaction, allowing both companies to proceed directly to closing formalities.

Source: Official regulatory disclosures and corporate governance releases filed by Jamna Auto Industries Limited on the BSE India Exchange Desk and the National Stock Exchange of India under SEBI Regulation 30.