Tube Investments of India Acquires Additional Stake in Shanthi Gears

Tube Investments of India Limited (TII) has acquired an additional 20,64,713 equity shares of Shanthi Gears Limited (SGL) through a block deal on August 21, 2026. The shares represent 2.69% of Shanthi Gears’ paid-up equity share capital, taking TII’s shareholding in the listed subsidiary from 70.46% to 73.16%.

The acquisition was approved by the Board of Directors of Tube Investments of India at its meeting held on August 21, 2026. The transaction was completed through the stock exchange by way of a block deal and was funded entirely through cash consideration. The total cost of acquisition was approximately ₹77.49 crore.

Tube Investments of India said the acquisition is part of its long-term investment plans. The transaction does not fall under a related-party transaction, and no separate government or regulatory approval was required for completing the acquisition.

About Shanthi Gears

Shanthi Gears is engaged in the design and manufacture of gears, gearboxes, geared motors and gear assemblies, besides refurbishing and repairing gearboxes. Incorporated on July 1, 1972, the company operates in the gears and gearboxes manufacturing industry.

Shanthi Gears reported a turnover of ₹518.72 crore in FY2025-26, compared with ₹604.62 crore in FY2024-25 and ₹536.05 crore in FY2023-24. Its paid-up equity share capital stood at approximately ₹7.67 crore as of the disclosure.

The latest purchase strengthens Tube Investments of India’s ownership in Shanthi Gears and increases its stake to over 73%, reinforcing its long-term investment in the gears and industrial engineering business.