Greaves Cotton Ltd (GREAVESCOT) Q2FY27 Management Mirror - Sep-2026 Qtr
Remaining 20% Stake in Excel Controlinkage Acquired in Sep'26 Qtr, Delivering Mar'26 Qtr Guidance
In Sep'26 Qtr, the company completed the acquisition of the remaining 20% stake in Excel Control Linkages for INR 112 crores. This delivers the guidance issued in Mar'26 Qtr concall, where management had targeted the acquisition for Q2 FY27 to eliminate non-controlling interest. Going forward, management plans to leverage this wholly owned subsidiary to expand integrated engineering solutions and higher value-added assemblies.
3 more themes on the ELITE plan.