$BELRISE

BELRISE INDUSTRIES: ACQUIRES HYVA INDIA TIPPER BODY BUSINESS FOR $5.65 MILLION 🚛 • 🤝 Board approves acquisition of Hyva (India) Pvt. Ltd.'s Tipper Body business through a Business Transfer Agreement (BTA) • 💰 Deal value stands at US$5.65 million (approximately ₹54.4 crore) on a slump sale basis • 🚚 Acquisition strengthens Belrise's presence in the commercial vehicle segment and expands its product portfolio • ⚙️ Transaction is expected to unlock synergies across fabrication, engineering, procurement and manufacturing capabilities • ✅ The transaction is not a related-party deal and will be executed through the approved BTA 🟢 Impact: Positive (Acquisition expands Belrise's commercial vehicle portfolio and enhances long-term growth opportunities through operational synergies.)