Concord Enviro Systems Limited (CEWATER) has announced the acquisition of Preferred Stock in NALA Membranes Inc., a corporation based in North Carolina, USA. This strategic move is aimed at enhancing the company's business and technological capabilities. NALA Membranes Inc. specializes in advanced membrane and filtration technology, focusing on developing and manufacturing flat sheet membranes and membrane elements. The company is known for its unique chlorine-resistant membrane, which has the potential to significantly impact wastewater recycling and Zero Liquid Discharge (ZLD) processes. Concord Enviro's investment will support NALA Membranes Inc.'s capital expenditure and commercialization efforts, facilitating business scaling. The acquisition involves an investment of US$1,999,310.04 for 528,918 Preferred Stock shares, representing an 8% stake in NALA Membranes Inc. The transaction is structured as a cash consideration through the subscription of Series Seed-1 Preferred Stock at a price of US$3.78 per share. This investment aligns with Concord Enviro's strategic focus on environmental and wastewater treatment technologies. NALA Membranes Inc. was incorporated on February 8, 2018. For the fiscal year ended March 31, 2025, its turnover was US$2.77 lakhs, with a PAT of (US$12.22) lakhs and a net worth of (US$39.15) lakhs. The acquisition does not fall under related party transactions, and the transaction is being conducted on an arm's length basis.
