Jaykay Enterprises has announced the acquisition of the business undertaking of Patange Industries Private Limited, a company specialising in defence precision manufacturing, fabrication, and engineering design services. The acquisition was approved by the Board of Directors of Jaykay Enterprises at a meeting held on April 13, 2026.
The acquisition aligns with Jaykay Enterprises’ strategic objective to expand its presence in the Defence & Aerospace sector and strengthen its engineering and technological capabilities. This move is expected to enhance the company’s service offerings and operational capabilities in the design, analysis, and manufacturing of complex engineering structures.
Patange Industries, incorporated on October 13, 2003, is based in India and has demonstrated significant growth in recent years. The company reported a turnover of ₹903.06 lakh for the financial year ending March 31, 2025, compared to ₹52.40 lakh and ₹174.58 lakh in the previous two years, respectively.
The acquisition will be executed through a slump sale on a going concern basis, with Jaykay Enterprises acquiring the business undertaking for a lump sum cash consideration. The transaction does not involve the acquisition of shares. The completion of the acquisition is subject to conditions agreed upon by both parties, with the transfer date to be mutually decided.
No governmental or regulatory approvals are required for this acquisition, and it does not fall under related party transactions. The authorised share capital of Patange Industries stands at ₹100 lakh, with a paid-up share capital of ₹37.75 lakh.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aditya Bhagchandani before publication.