Danube Industries to Acquire 51% Stake in JCR Fashion Retail
Filing Summary
Danube Industries Limited has provisionally approved the acquisition of a controlling 51% stake in JCR Fashion Retail Private Limited. The decision was made during a board meeting on December 11, 2025. JCR Fashion Retail, engaged in retailing personal and household goods, reported a turnover of ₹86 crore for the fiscal year 2024-25. The acquisition is expected to be completed within nine months, subject to due diligence and valuation. The transaction will involve either cash consideration or a share swap, as agreed by the parties involved.
Danube Industries Limited has announced the provisional approval for the acquisition of a controlling stake in JCR Fashion Retail Private Limited. The decision was made during the board meeting held on December 11, 2025. The acquisition involves approximately 51% of JCR Fashion Retail, which will result in it becoming a subsidiary of Danube Industries.
The acquisition is structured under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The details of the transaction are outlined in Annexure-A of the filing. JCR Fashion Retail is engaged in the retail of personal and household goods. The company reported an aggregate turnover of ₹86 crore for the fiscal year 2024-25.
The acquisition is not classified as a related party transaction. The industry in which JCR Fashion Retail operates is the retail sector, specifically focusing on personal and household goods. The acquisition aims to achieve strategic expansion, diversification, integration, or investment purposes. The completion of the acquisition is anticipated within nine months, pending due diligence and valuation.
The nature of the consideration for the acquisition will be either cash or a share swap, as agreed between the parties. The cost of acquisition or the price at which the shares will be acquired is yet to be determined and will be based on due diligence and a valuation report. The proposed acquisition will result in Danube Industries acquiring 51% control of JCR Fashion Retail.
JCR Fashion Retail was incorporated on February 10, 2017. It reported a turnover of ₹125 crore for the fiscal year 2023-24 and ₹86 crore for 2024-25. No governmental or regulatory approvals are required for this acquisition.
Danube Industries Limited is focused on expanding its business operations through strategic acquisitions and investments. The company aims to enhance its market presence and diversify its business portfolio through such initiatives.