Camlin fine sciences extends vinpai acquisition timeline to november 30

Camlin Fine Sciences Limited confirmed an extension of the timeline for its acquisition of a majority stake in Vinpai S.A. The company now aims to complete the acquisition on or before November 30, 2025, a revision from the previous target of September 30, 2025. This extension follows a mutual agreement between the parties.

The delay was primarily due to the sellers, who are foreign nationals, needing to secure pre-mandatory documentation, including a Permanent Account Number (PAN). This is a prerequisite for the preferential allotment of equity shares, in accordance with Indian regulations.

With the PANs now obtained, Camlin Fine Sciences is seeking board and shareholder approval to issue equity shares through a preferential allotment. This share swap arrangement will serve as payment for acquiring the majority stake in Vinpai S.A.