Spectrum Electrical Industries Completes Rs.1.11 Crore Acquisition of Alric Electric

Spectrum Electrical Industries Limited has successfully completed its acquisition of Alric Electric Private Limited, marking a significant milestone in the company's expansion strategy. The acquisition was completed on March 6, 2026, following the board meeting held on February 4, 2026. Acquisition Details The transaction involved the complete takeover of Alric Electric Private Limited through a strategic equity acquisition. Spectrum Electrical Industries acquired all outstanding shares of the target company from its existing shareholders. Parameter: Details Target Company: Alric Electric Private Limited Total Shares Acquired: 10,000 Equity Shares Acquisition Value: Rs.1,11,00,000 (Rupees One Crore Eleven Lakhs Only) Ownership Percentage: 100% of total equity share capital Completion Date: March 6, 2026 Transaction Structure The acquisition was executed through Securities Transfer Forms in accordance with the provisions of the Companies Act, 2013. This method ensured compliance with regulatory requirements while facilitating the complete transfer of ownership from existing shareholders to Spectrum Electrical Industries. The company acquired 10,000 equity shares, representing the entire equity share capital of Alric Electric Private Limited. This complete acquisition provides Spectrum Electrical Industries with full operational control and strategic decision-making authority over the target company. Regulatory Compliance The transaction adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 read with Schedule III. The company has fulfilled its disclosure obligations as outlined in SEBI Circular No SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Relevant details regarding this acquisition were previously disclosed in the outcome of the Board Meeting held on February 4, 2026, ensuring transparency and regulatory compliance throughout the transaction process. Strategic Implications The completion of this Rs.1,11,00,000 acquisition represents Spectrum Electrical Industries' commitment to expanding its business portfolio through strategic investments. The 100% ownership structure provides the company with complete operational flexibility and integration opportunities with Alric Electric Private Limited. The transaction was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, maintaining transparency with stakeholders and regulatory bodies. Company Secretary and Compliance Officer Rahul Lavane oversaw the completion and disclosure process for this significant corporate development. Spectrum Electrical Industries Limited has announced the board approval for acquiring 100% equity stake in Alric Electric Private Limited, marking a significant strategic expansion in the electrical equipment manufacturing sector. The board meeting held on February 4, 2026, at the company's registered office approved the acquisition for a maximum consideration of ₹1.25 crore. Acquisition Overview The transaction involves acquiring complete ownership of Alric Electric Private Limited through cash consideration, with the acquisition expected to be completed within 30 days from board approval. This move represents Spectrum Electrical's strategic initiative to strengthen its position in the switchgear and electrical protection devices market. Parameter: Details Target Company: Alric Electric Private Limited Acquisition Cost: Up to ₹1.25 crore Shareholding: 100% equity stake Payment Mode: Cash consideration Completion Timeline: Within 30 days Related Party Transaction: Not applicable Target Company Profile Alric Electric Private Limited, incorporated on September 21, 2022, operates from its registered office in Mumbai, Maharashtra. The company specializes in manufacturing and trading of comprehensive electrical equipment including switchgear products, wiring accessories, and electrical protection systems. Business Operations The target company's product portfolio encompasses: Switchgear Products: Miniature Circuit Breakers (MCB), Air Circuit Breakers, Residual Current Circuit Breakers, Moulded Case Circuit Breakers Electrical Accessories: Switches, Sockets, Plugs, Light Dimmers, Fan Regulators, USB Chargers Protection Systems: Contactors, Protection Relays, Motor Starters, Electrical Protection & Control Systems Infrastructure Products: Distribution Boards, Panels, Wires & Cables, EV Charging Systems Financial Performance Alric Electric has demonstrated remarkable growth trajectory since commencing operations, with significant revenue expansion across financial years. Financial Year: Turnover (₹ Lakhs) Growth Rate 2022-23: Nil - 2023-24: 329.99 Base year 2024-25: 5,747.45 +1,641% Strategic Rationale The acquisition aligns with multiple strategic objectives for Spectrum Electrical Industries: Market Expansion and Integration Forward Integration: Enhanced control over branding, marketing, distribution, and retail operations Market Access: Established customer network and revenue base for incremental growth Product Diversification: Access to comprehensive electrical equipment portfolio Operational Benefits Cost Optimization: Expected synergies in manufacturing and operational processes Talent Acquisition: Access to specialized workforce expertise in electrical protection systems Technology Integration: Alignment with innovation-led growth strategies Market Positioning The acquisition positions Spectrum Electrical to capitalize on sustained growth in electrical equipment demand driven by infrastructure development, urbanization, industrial expansion, and renewable energy integration. The target company's focus on EV charging systems also aligns with emerging market opportunities in electric vehicle infrastructure. Regulatory Compliance The acquisition announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No additional governmental or regulatory approvals are required for completing the transaction. The board meeting commenced at 4:00 PM and concluded at 4:40 PM on February 4, 2026. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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