Windsor Machines Limited (BSE:522029) entered into an share purchase agreement to acquire Unitech Workholding Systems Private Limited from Manishbhai Savjibhai Pipaliya, Rohitkumar Jamanbhai Donga, Punitkumar Dhirajlal Koradia, Chetan Bachubhai Makwana and Karsan Arjan Maliya for INR 420 million on November 8, 2025. As part of consideration, cash consideration of INR 170 million is paid and the balance of INR 250 million Non Cash consideration by way of Shares swap through issuance of fully paid up 0.74 million equity shares of the Company on preferential basis at INR 338.90 per share will be paid towards common equity of Unitech Workholding Systems Private Limited.
For the period ending March 31, 2025, Unitech Workholding Systems Private Limited reported total revenue of INR 152.02 million. As of March 31, 2025, Unitech Workholding Systems Private Limited reported total common equity of INR 35.5 million.
The transaction is subject to approval of acquirer shareholder approvals. The issue and allotment of equity shares to the Allottees shall be subject to the receipt of necessary approvals from the statutory authorities, and the Stock Exchanges, etc. As on November 08, 2025, the issue of 7,37,680 equity shares for acquisition of 59.52% of the equity share capital of Unitech Workholding Systems Private Limited have been approved by the acquiror's Board of Directors and the Shareholders as on December 07, 2025. In this regard, the Company has received the in-principle approval from the BSE Limited on January 28, 2026 and National Stock Exchange of India Limited on January 29, 2026.
Tentative time period for completion of the acquisition is 6 months. As of January 30, 2026, the Company expects the transaction to be completed by March 31, 2026.
Windsor Machines Limited (BSE:522029) completed the acquisition of Unitech Workholding Systems Private Limited from Manishbhai Savjibhai Pipaliya, Rohitkumar Jamanbhai Donga, Punitkumar Dhirajlal Koradia, Chetan Bachubhai Makwana and Karsan Arjan Maliya on February 10, 2025. On completion, Unitech has become the wholly owned subsidiary company of Windsor Machines Limited.
Windsor Machines Limited is an India-based company engaged in the business of manufacturing of plastic processing machinery, which includes pipe extrusion, blown film extrusion and injection molding machines. The Company operates through two segments: Extrusion Machinery Division, and Injection Moulding Machinery. The Company’s Injection Moulding Machinery segment offers KL Series, Excel Series, Armour Series, Sprint Series, WINPACK Series, and WINX Series. Its KL Series includes KL 350-8000T, KL 2C, KL RPVC, and KL CPVC. Its Excel Series includes Excel 75-350T, Excel 2C, Winfit RPVC, Winfit - CPVC, and Winpet. Its Armour Series include Armour 450-900 T, Winfit RPVC, Winfit CPVC, and Armour - 2C. Its Sprint Series includes Sprint 100-800 T, Sprint SPET-BT, Sprint 2C, and Sprint - 3C. The Company's KTS series include KTS - UPVC, and KTS - CPVC. The Company also offers Speed Series, Agile Series, and CTS Series.
