BCL Industries Limited has completed the acquisition of the remaining 25 per cent equity stake in Svaksha Distillery Limited, making it a wholly owned subsidiary of the company, according to a regulatory filing made by BCL on June 30, 2026.
The filing, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was issued in continuation of the company’s earlier announcement on December 4, 2025. BCL said the acquisition was completed through the purchase of 14,98,632 equity shares, representing the remaining 25 per cent shareholding in Svaksha Distillery, for a total cash consideration of Rs 55 crore.
Svaksha Distillery has an installed capacity of 350 kilolitres per day (KLPD) and has been a key growth driver for BCL’s grain-based extra neutral alcohol (ENA) and ethanol business. According to the company, Svaksha’s revenue grew nearly fourfold, rising from Rs 187 crore in FY23 to Rs 899 crore in FY26.
BCL said the move would strengthen its leadership in the grain-based ENA and ethanol industry and enhance strategic and operational alignment across its distillery business. The company added that the transaction is expected to drive greater operational synergies, improve capital allocation and accelerate decision-making in support of its long-term growth strategy.
Kushal Mittal, Joint Managing Director of BCL Industries, said the completion of the acquisition marked another significant milestone in the company’s growth journey, having been executed as per the planned timeline. He said Svaksha had shown strong and consistent growth and had become an integral part of BCL’s grain-based ENA and ethanol business, adding that the acquisition would strengthen integrated distillery operations and position the company to capitalise on future growth opportunities while creating long-term value for shareholders.
