Bondada Engineering Limited has successfully completed the acquisition of Speck Systems Limited, a Hyderabad-based company specializing in geospatial technologies for defense and paramilitary applications. This acquisition was carried out through the NCLT liquidation process, and the company has now received the sale certificate and property possession from the liquidator.
Speck Systems Limited, incorporated in 1985, has expertise in developing products and solutions for situational awareness and decision-making. The company has an authorized capital of ₹22 crore and a paid-up capital of ₹19.81 crore. With this acquisition, Bondada Engineering gains ownership of Speck Systems’ industrial property, commercial flats, machinery, and equipment, further strengthening its infrastructure and technological capabilities.
The acquisition was completed through a cash transaction valued at ₹19.81 crore, and Bondada Engineering now holds 100% of Speck Systems’ share capital, making it a wholly owned subsidiary. The regulatory approval for this acquisition was obtained through an NCLT order, and the completion process is expected by March 31, 2025.
