Zuari Industries Ups Texmaco Infra Stake to 30.83% in ₹148-Crore NSE Block Deal

In a significant corporate consolidation move on the domestic bourses, Zuari Industries Limited has acquired a substantial block of 1,28,10,900 equity shares in Texmaco Infrastructure & Holdings Limited (TIHL). The transaction was executed on Wednesday, September 23, 2026, across the National Stock Exchange (NSE) through a single block trade valued at an aggregate consideration of ₹147.96 crore.

Direct Shareholding Advances from 20.78% to 30.83%

Prior to the execution of this block window purchase, Zuari Industries directly controlled a 20.78 percent equity stake in Texmaco Infrastructure. With the acquisition of over 1.28 crore shares, Zuari Industries’ direct holding has climbed sharply to 30.83 percent. Despite the internal transfer of ownership tranches, the overarching promoter and promoter group equity holding in Texmaco Infrastructure & Holdings remains unaltered at 66.55 percent.

Internal Realignment to Streamline Listed Holding Assets

The acquisition forms part of an internal restructuring exercise aimed at consolidating key long-term investment assets directly at the parent listed holding company level. Zuari Industries executed the transaction by taking over the equity block from its wholly owned subsidiary, Zuari International Limited, with the total financial outlay inclusive of brokerage commissions, securities transaction tax (STT), stamp duty levies, and other statutory trade expenses. The capital allocation received formal board authorization during a governance meeting held on August 13, 2026, which greenlit investment allocations of up to ₹150 crore for this specific equity reorganization. The transaction did not require external regulatory or governmental clearances and concluded settlement on September 23, 2026.

Business Profile and Operational Trajectory of Texmaco Infrastructure

Incorporated on August 4, 1939, Texmaco Infrastructure & Holdings Limited manages a diversified operational footprint focused on commercial real estate development, small-scale mini-hydropower generation assets, and strategic investment holdings. The company's financial performance highlights steady revenue recovery over recent cycles, posting a consolidated turnover of ₹11.45 crore for the 2025-26 fiscal year, improving from ₹9.16 crore logged in FY 2024-25 and ₹9.33 crore delivered during FY 2023-24.