Quality Power Electrical Equipments Limited has acquired 20,42,754 Equity Shares of face value of ₹100/- each, representing 50% of the Equity Share Capital of Sukrut Electric Company Private Limited. This acquisition was completed on January 9, 2026, for a consideration of approximately ₹5.24 Crore.

Following the acquisition, Sukrut Electric Company Private Limited has become a joint venture of Quality Power Electrical Equipments Limited with Yash Highvoltage Limited, each holding a 50% stake. Mr Bharanidharan Pandyan, Joint Managing Director of Quality Power Electrical Equipments Limited, has been appointed to the Board of Directors of Sukrut Electric Company Private Limited as per the terms of the Share Purchase Agreement dated October 6, 2025.

Sukrut Electric Company Private Limited, incorporated on December 17, 1981, is engaged in the manufacturing of electrical equipment. Its registered office is located in Pune, Maharashtra. The company's paid-up share capital is ₹40.85 Crore, and its turnover for FY 2024-25 was ₹27.44 Crore. The acquisition is in the same line of business as the listed entity and does not fall within related party transactions. The acquisition is subject to applicable FEMA Regulations of the Reserve Bank of India.