Belding India Subsidiary Acquires 55% Stake in Metafin Technology

Belding India Limited (formerly Synthiko Foils Limited, CIN: L63119PN1984PLC248366, BSE Scrip Code: 513307) announced that its wholly owned subsidiary, DC&T Global Private Limited, completed the acquisition of 55% shareholding in Metafin Technology Private Limited on March 5, 2026, through subscription to 12,223 fresh equity shares at Rs. 1,220 per share (face value Rs. 10).

The total cost of acquisition is Rs. 1,49,12,060 in cash. Metafin manufactures specialized engineering products including airport self-checkin kiosks, IT racks, truck-mounted racks, telecom tower racks, insulated fire doors, and other industrial equipment for aviation, defense, telecom, and industrial sectors, with FY 2024-25 turnover of Rs. 0.94 crores (FY 2023-24: Rs. 1.07 crores, FY 2022-23: Rs. 1.40 crores).

Incorporated on March 22, 2022, and operating in India, the acquisition expands Belding's footprint in the engineering, industrial equipment, and automation industry. The transaction, a related party deal due to common directors but conducted at arm's length, required no governmental approvals and is now complete, with DC&T holding 55% post-acquisition from 0%.

Source : Equity Bulls

Keywords

BeldingIndia DCandTGlobal Acquisition MetafinTechnology