BCL Industries Limited has announced a major strategic move, approving the acquisition of the remaining 25% stake in its subsidiary, Svaksha Distillery Limited, thereby converting it into a wholly owned subsidiary. The decision was finalised during the Board of Directors meeting held on December 4, 2025.
According to the exchange filing, BCL will invest approximately INR 55 crore to acquire 14,98,632 equity shares at INR 367 per share, completing the acquisition on or before June 30, 2026. Svaksha, based in Kharagpur, West Bengal, operates a 300 KLPD ENA/grain-based ethanol distillery and reported a turnover of INR 845 crore in FY25.
The company stated that this move will help strengthen its leadership in India’s fast-expanding grain-based ethanol sector, enabling tighter integration, operational synergies, and improved cost and market efficiencies across both entities.
The acquisition has been classified as a related-party transaction, with several promoters—including Mr. Pankaj Jhunjhunwala and Ms. Shweta Jhunjhunwala—holding the shares being acquired. BCL confirmed that the transaction is conducted at arm’s length, based on fair market value certified by an independent chartered accountant.
In the same meeting, BCL also approved the sale of its land at Hazi Ratan Link Road in Bathinda, authorising its Managing Director to negotiate and execute the deal.
The Board meeting commenced at 12:00 PM and concluded at 12:50 PM.
