Barak Valley Cements Ltd

Barak Valley Cements Acquires 98% Stake in Mustoh Cements 🏗️📈

- Barak Valley Cements (BVCL) acquired 25,53,882 equity shares of Mustoh Cements via preferential allotment.

- Acquisition funded by converting an outstanding loan of ₹2,55,38,826 into equity.

- BVCL now holds 98.08% of Mustoh Cements, making it a subsidiary.

- Mustoh Cements, incorporated in 2010, has yet to start commercial operations.

- No turnover reported by Mustoh Cements in the last three financial years (2022-23 to 2024-25).

- Shares acquired at face value (₹10 per share) with no premium.

- Transaction completed at arm's length despite common promoter shareholding.