Narmada Macplast Drip Irrigation Systems Ltd. (BSE:517431) proposed to acquire 51% stake in Gsk Industries Private Limited for approximately INR 360 million on October 27, 2025. Narmada Macplast Drip Irrigation Systems to acquire 9,34,978 equity shares of Gsk Industries at INR 390 per equity share. Total consideration payable to sellers is INR 364.64 million.

As of March 31, 2025, Gsk Industries Private Limited generates a turnover of INR 592.14 million.

The transaction is subject to approval of offer by the board of directors of Narmada Macplast Drip Irrigation Systems Ltd., which is scheduled to be held on October 31, 2025.

The transaction is expected to be executed during 10 to 12 months.