Concord Enviro Systems Limited announced that its subsidiary, Rochem Separation Systems (India) Private Limited (RSSPL), will acquire 100% of the equity share capital of Pathak Utility Private Limited (PUPL) for an aggregate consideration of ₹1.01 crore. The acquisition was approved by the Board of Directors of RSSPL on August 7, 2025.
Following the acquisition, PUPL will become a step-down subsidiary of Concord Enviro Systems Limited.
| Particulars | Details |
|---|---|
| Name of the Target Entity | Pathak Utility Private Limited (Target Entity) |
| Details of the Target Entity | Pathak Utility Private Limited is engaged in the business of operation and maintenance and rehabilitation of water treatment plants. |
| Turnover (as of March 31, 2025) | ₹12.30 Crore |
| Net Profit (as of March 31, 2025) | ₹2.04 Lakh |
| Cost of Acquisition | ₹1.01 Crore |
| Percentage of Shareholding Acquired | 100% |
| Indicative time period for completion of the acquisition | 3 months |
| Nature of Consideration | Cash Transaction |
Pathak Utility Private Limited is involved in the operation, maintenance, and rehabilitation of water treatment plants. It was incorporated on February 27, 2024.
Line of Business: Water & Wastewater Management Industry
Turnover of last 3 years:
The proposed acquisition is strategically aimed at strengthening and expanding the presence of RSSPL in the water treatment sector, especially the third party O&M business of the group. Upon such acquisition, PUPL will become the wholly owned subsidiary of RSSPL and the step-down subsidiary of the Company.
This transaction does not constitute a related party transaction.
Not Applicable - No governmental or regulatory approval required for the said acquisition.
India is the country in which the acquired entity has presence.
Encl: As above
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