- On 15 Oct 2026, Solar Industries India Limited (NSE: SOLARINDS / BSE: 532725) disclosed that its wholly‑owned subsidiary Solar Explochem Limited will acquire 100 % of Sivasakthi Industrial Explosives Private Limited.
- The acquisition is a cash deal of ₹ 115.02 crores, with completion targeted within 12 months; it is not a related‑party transaction.
- Sivasakthi reported ₹ 34,99,675 turnover in FY 2024‑25 and ₹ 1,26,11,375 in FY 2023‑24 (no turnover in FY 2025‑26).
- The purchase expands Solar Industries’ explosives portfolio, positioning the group to grow its presence in the industrial mining explosives market.
The transaction size of ₹115. 02 crore is financially immaterial for Solar Industries, accounting for roughly 0. 06% of its ~₹1,80,000 crore market capitalization and ~1% of its annual revenue (~₹9,800+ crore).
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