Spectrum Electrical Completes 100% Acquisition of Alric Electric
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Spectrum Electrical Industries Limited has completed a 100% acquisition of Alric Electric Private Limited, purchasing 10,000 shares for Rs. 1.11 crore. This acquisition, finalized on March 6, 2026, converts Alric Electric into a wholly owned subsidiary, enhancing Spectrum's capabilities in the electrical industry. The deal follows board approval in February 2026 and aligns with SEBI’s listing regulations, indicating Spectrum's compliance-driven approach. The integration is expected to provide operational synergies and strengthen competitive positioning, benefiting customers and stakeholders.
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