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Bartronics India Limited has signed a shareholders agreement with Shree Naganarasimha Private Limited and its promoters, acquiring 51% equity stake for ₹3 crore. The deal strengthens Bartronics India Limited's governance rights, board presence, and operational influence, marking a significant expansion into new business opportunities.
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Bartronics India Limited has officially disclosed its investment in Shree Naganarasimha Private Limited, securing majority ownership through subscription of 10,408 equity shares. This move, filed under SEBI’s Listing Obligations and Disclosure Requirements, positions Bartronics India Limited to play a decisive role in Shree Naganarasimha Private Limited's growth strategy while ensuring strong governance safeguards.
Key Highlights
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Bartronics India Limited invests ₹3 crore to acquire 51% stake in Shree Naganarasimha Private Limited through 10,408 equity shares of ₹10 each
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Agreement grants Bratronics' rights to appoint a director and exercise affirmative voting on reserved matters
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Promoters of Shree Naganarasimha, Krishna Murthy Rama Gopal and Anand Kumar Gangadhar Naik, must retain minimum 49% shareholding unless additional funding is raised
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Non-compete and non-solicitation clauses protect Bartronics India Limited's business interests and market position
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Funds raised will be directed toward working capital and general business expansion
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Promoters indemnify Bartronics against pre-existing liabilities, ensuring risk protection
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Transfer restrictions and right of first refusal provisions safeguard shareholding structure
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Arbitration and governing law clauses provide dispute resolution framework
This acquisition highlights Bartronics India’s strategic expansion, strengthening its operational footprint while ensuring long-term shareholder protections and governance control.
Source: Bartronics India Limited's Disclosure to the Stock Exchange
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