Electricals (India) Limited has informed the Exchange about Acquisition

Marine Electricals (India) Limited has completed the acquisition of equity shares in Marks Marine Radio Private Limited, increasing its shareholding from 49.2% to 59.2%. Marks Marine Radio Private Limited is now a subsidiary of Marine Electricals (India) Limited. Further details were disclosed in a previous announcement dated 12th February, 2025.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date