Each on fully paid equity shares amounting to Rs. 1270.72 Lakhs and 5% on Non-Cumulative
As filed · General Updates
What happened
Facteach on fully paid equity shares amounting to Rs. 1270.72 Lakhs and 5% on Non-Cumulative. Update on Earlier Proposed Merger – Approval for Acquisition of Majority Stake in M/s.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Scale
- 0.5% of FY26 revenue
₹12.71 Cr stated in the filing against ₹2,495.86 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
WithdrawnOf course, that's our target that we want to reach 96%, 97% utilization by the start of the next financial year.
What we have announced is about INR1000 crores, INR975 crores and which will be completed by the end of this financial year.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- And I think by March end, we should be at about 90% capacity utilization for the whole plant. (management committed by Q4 FY27)
- We expect to ramp up the whole plant. It's a big plant. So it will take us around 5 to 6 months to fully ramp (management committed by H1 FY27)
Evidence
- Sportking India Limited has informed the Exchange about Financial Results (Revised)(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%