Board of V-Guard Industries approves in-principle merger with Sunflame
At meeting held on 29 July 2025
The Board of V-Guard Industries at its meeting held on 29 July 2025 has approved has accorded in-principle approval of merger of Sunflame with the Company.
Sunflame, Wholly-owned Subsidiary and a related party of the Company, is engaged in manufacturing and trading of kitchen appliances, recorded turnover of Rs 254.39 Crores and profit after tax of Rs 3.29 Crores in Financial Year 2024 25.
The proposed merger is being carried out to take advantage of synergies with the Holding Company and for optimum utilization of its resources including exposure to R&D expertise, technical know-how, quality standards, product improvement, etc.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 29 2025 | 4:16 PM IST