V-MARC India Forms Joint Venture with Annapurna Rathi
V‑MARC India Limited (NSE: VMARCIND)
Introduction
On 17 July 2026, V‑MARC India Limited filed a Regulation 30 disclosure with the National Stock Exchange of India, informing shareholders of a strategic joint venture (JV) with Annapurna Rathi Cable Industries Limited, a Nepal‑based manufacturer of cables and conductors.
Key Highlights
- Joint Venture Name: V‑MARC‑ANNAPURNA JV
- Purpose: Secure and execute business for Medium Voltage Covered Conductors (MVCC, 10 kV–36 kV) in Nepal.
- Execution Date: 9 October 2025
- Effective Period: 9 Oct 2025 – 31 March 2030 (or earlier termination)
- Strategic Importance: Considered material to V‑MARC’s long‑term growth, enhancing international presence, market access, and technology exposure.
- Regulatory Disclosure: Filed under SEBI (LODR) Regulation 30 and posted on the company website per Regulation 46.
Joint Venture Structure
| Aspect | Details |
|---|---|
| Target Entity | Annapurna Rathi Cable Industries Ltd. (Nepal) – manufacturing & supply of MVCC and related tender participation. |
| Promoter Interest | Not applicable (no equity acquisition). |
| Industry | Power Transmission & Distribution – MVCC manufacturing (10 kV–36 kV). |
| Nature of Arrangement | Contractual JV; no acquisition, cash consideration, or share swap. |
| Capital Contribution | No upfront capital; project‑related costs (bid bond, performance bond, guarantees, etc.) shared pro‑rata by the parties. |
| Participation Share (V‑MARC) | - FY 2026‑27: 70 % <br> - FY 2027‑28 & FY 2028‑29: 60 % <br> - FY 2029‑30: 50 % |
| Regulatory Approvals | No prior governmental or regulatory approval required for JV execution. Required licences/registrations in Nepal will be obtained as needed for specific tenders or contracts. |
| Completion Timeline | Not applicable – the JV is already effective; will remain active until 31 Mar 2030. |
Strategic Rationale
- International Expansion: Provides V‑MARC a foothold in the Nepalese power‑transmission market.
- Market Access & Technology: Enables participation in local tenders and access to regional manufacturing capabilities for MVCC.
- Long‑Term Growth: Expected to create sustainable business opportunities aligned with V‑MARC’s growth strategy.
Compliance & Governance
- The disclosure satisfies SEBI (LODR) Regulation 30 requirements and is also posted on the company’s website per Regulation 46.
- No equity stake or control change; therefore, no change in shareholding pattern is reported.
Contact Information
- Registered Office: Plot No. 3, 4, 18 & 20 A, Sector‑IIDC, SIDCUL, Haridwar, Uttarakhand ‑ 249403
- Phone: 01334‑239638
- Email: info@v-marc.in
- Website: www.v-marc.com
Prepared for investors based on the Regulation 30 filing dated 17 July 2026.
V‑MARC India’s JV announcement is likely to lift the stock modestly as investors see upside from new international exposure without immediate cash outlay. The move should be viewed positively but the effect may be limited to the short term.
Sign in for impact outlook, horizons, comparables, and full intelligence analysis.
Forecast from comparable, historic events. Not investment advice.
Original Source Document
View the original exchange filing or announcement.
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