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Sansera Engineering Limited — M&A Activity 2026
Jan 29, 2026
62659_rns_2026-01-29_e54a18cc-8abc-4fc6-bb6b-e3fd470d2037.pdf
M&A Activity
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January 29, 2026
The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra - Kurla Complex Mumbai 400051 Scrip Symbol: SANSERA
The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001 Scrip Code: 543358
Dear Sir/Madam,
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and Press Release
Pursuant to the applicable provisions of Regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform you that Nichidai Corporation (Nichidai), a company incorporated under the laws of Japan, having its registered office at 13 Kitamachida, Takigi, Kyotanabe, Kyoto - 610 0341, Japan and Sansera Engineering Limited (“Sansera”/ “the Company”), a company incorporated under the Companies Act, 1956, having its registered office at 143/A, Jigani Link Road, Bommasandra Industrial Area, Bengaluru – 560 105 to enter into a joint venture relationship (“ Joint Venture ”) to undertake the business for manufacturing of precision forged and machined parts in aluminium and steel for differential assemblies, compressors, driveline and such other advanced automotive components, not currently manufactured by Sansera, for sale in markets in India and overseas (“ Business ”).
In light of the above, the Board of Directors of Sansera at its meeting held today, i.e., on January 29, 2026, inter alia, accorded its approval for the following:
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Execution of the Joint Venture Agreement between Nichidai and Sansera to undertake the Business.
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The said Joint Venture shall be operational through incorporation of a new Joint Venture Company (“JV Company”) to undertake the Business.
The details, as required, to be disclosed under the aforesaid Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as Annexure-I and Annexure-II.
A copy of Press Release for the above matter is also attached herewith as Annexure – III.
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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We request you to take note of the same on your record. The above information will also be made available on the website of the Company www.sansera.in.
Thanking you. for Sansera Engineering Limited
Digitally signed by Rajesh Rajesh Kumar Modi Kumar Modi Date: 2026.01.29 11:31:22 +05'30'
Rajesh Kumar Modi
Company Secretary & Compliance Officer Membership No.: F5176
Encls: a/a
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
Annexure-I
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The details as required to be disclosed under the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
| Sr. No. | Particulars | Details |
|---|---|---|
| A. | Agreement / joint venture (JV) with companies: |
|
| 1. | Name of the entity(ies) with whom agreement/ JVis signed |
a) Sansera Engineering Limited(Sansera) and b) NichidaiCorporation(Nichidai) |
| 2. | Area of agreement/JV | Sansera and Nichidai have agreed to incorporate, establish and operate a private limited company in Bangalore, India (“JV Company”) to undertake the business for manufacturing of precision forged and machined parts in aluminium and steel for differential assemblies, compressors, driveline and such other automotive components, not currently manufactured by Sansera, for sale in markets in India and overseas (“Business”). |
| 3. | Domestic/international | The JV Company will be incorporated in Bangalore, India. |
| 4. | Share exchange ratio / JV ratio | The shareholding in the proposed JV Company shall be as provided below: a) Sansera – 60%; and b) Nichidai–40% |
| 5. | Scope of business operation of agreement / JV |
As mentioned above under point 2. |
| 6. | Details of consideration paid / received in agreement / JV |
The JV Company is yet to be incorporated. |
| 7. | Significant terms and conditions of agreement / JV in brief |
Sansera and Nichidai have agreed to incorporate, establish and operate a private limited company in Bangalore, India to undertake the Business. Sansera will hold 60% and Nichidai will hold 40% in the JV Company. The Board of JV Company shall comprise of 7 Directors, comprising of: a) 3 Directors to be nominated by Nichidai b) 4 Directors to be nominated by Sansera The Managing Director of the JV Company shall be a nominee of Sansera. The scope of the JV Company shall be as per Point No. 2 above. Nichidai is to exclusively supply to the JV Company in India, the tooling required for the Business together with the technical know- how, specifications, designs, process information and manufacturing-related assistance, subject to certain exceptions. |
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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| Standard customary and / or commercial agreed conditions with respect to reserved matters, deadlock, material event of default, representations, warranties, indemnities, termination and disputes resolution form part of the JV Agreement. |
||
|---|---|---|
| 8. | Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at“arm’s length” |
Nichidai is not related to promoter/ promoter group/ or group companies. |
| 9. | Size of the entity(ies) | The JV Company is yet to be incorporated. The shareholding of the JV Company will be in the ratio of 60:40 (wherein Sansera will hold 60% and Nichidai will hold 40% in the JV Company). The initial authorized equity share capital is proposed to be INR 2,00,00,000/- and the initial paid up share capital is proposed to be INR 2,00,000/- (20,000 equity shares of Rs. 10/- each) post incorporation and further investment of funds by Sansera and Nichidai, in one or more tranches. |
| 10. | Rationale and benefit expected | Both the Parties shall leverage its existing customer and sales networks and shall actively explore new markets to expand customer base, thereby promoting the Business of the JV Company. |
| B. | In the event that any such arrangement is called off for any reason, the same shall be disclosed along with the reasons for calling off the proposal. |
Not Applicable |
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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Annexure-II
The details as required to be disclosed under the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
| Sr. No. |
Particulars | Details |
|---|---|---|
| a. | Name of the target entity, details in brief such as size, turnover etc. |
Proposed name of the JV Company: Nichidai Sansera Private Limited or any other name as may be approved by the Central Registration Centre, MCA. Size, Turnover etc: The initial authorized equity share capital is proposed to be INR 2,00,00,000/- and the initial paid up share capital is proposed to be INR 2,00,000/- (20,000 equity shares of Rs. 10/- each) post incorporation and further investment of funds by Sansera and Nichidai, in one or more tranches. Turnover- Not applicable as the JV Company is yet to be incorporated. |
| b. | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” |
a) The initial subscription to the equity share capital of the JV Company at the time of its incorporation does not fall under the Related Party Transaction (RPT) for Sansera. b) Post incorporation, the JV Company will become the subsidiary of Sansera and hence its Related Party. c) Except to the extent of the share capital to be held by Sansera in the JV Company, the promoter / promoter group/ group companies have no interest in the JV Company. |
| c. | Industry to which the entity being acquired belongs |
The JV Company will undertake the business for manufacturing of precision forged and machined parts in aluminium and steel for differential assemblies, compressors, driveline and such other automotive components, not currently manufactured by Sansera, for salein marketsin India and overseas. |
| d. | Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); |
This association will bolster the business for manufacturing of precision forged and machined parts in aluminium and steel and such other automotive components. |
| e. | Brief details of any governmental or regulatory approvals required for the acquisition |
Not applicable. |
| f. | Indicative time period for completion of the acquisition |
Tentatively 12 months from the date of this disclosure or such other date as may be agreed by Nichidai and Sansera. |
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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| g. | Consideration - whether cash consideration or share swap or any other form and details of the same |
Cash consideration. |
|---|---|---|
| h. | Cost of acquisition or the price at which the shares are acquired |
The Board of Sansera has approved an investment of upto INR 500.00 million in the JV Company in one or more tranches. |
| i. | Percentage of shareholding / control acquired and / or number of shares acquired |
a) Sansera – 60% b) Nichidai – 40% |
| j. | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) |
Not applicable since the JV Company is yet to be incorporated. |
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
Annexure - III
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PRESS RELEASE
SANSERA ENGINEERING LIMITED ANNOUNCES STRATEGIC JOINT VENTURE WITH NICHIDAI CORPORATION TO MANUFACTURE ADVANCED AUTOMOTIVE COMPONENTS
Thursday, January 29, 2026 , Bengaluru - Sansera Engineering Limited (Sansera), a leading manufacturer of precision engineered components for the automotive and non-automotive sectors, today announced a strategic joint venture with Nichidai Corporation (Nichidai), Japan, to undertake the business of manufacture of precision forged and machined parts in aluminium and steel for differential assemblies, compressors, driveline and other advanced automotive components not currently manufactured by Sansera, for sale in Indian and international markets.
The partnership will establish and operate a private limited company to be incorporated in Bengaluru, India (the "JV Company") to undertake these manufacturing operations.
Strategic Rationale
This collaboration brings together Nichidai Corporation’s 50 years of expertise in manufacturing dies, precision components, and filters developed across operations in Japan and Thailand, with Sansera’s established presence in India’s automotive sector. The partnership leverages complementary strengths to create a world-class manufacturing platform capable of serving both domestic and global markets.
Structure & Governance
The Joint Venture will operate as a private limited company to be incorporated in Bengaluru, Karnataka, India, with Sansera holding a 60% equity stake and Nichidai holding 40%. This structure reflects a commitment to building a strong, domestically anchored enterprise aligned with the Government of India’s vision of "Make in India" and "Atmanirbhar Bharat," while leveraging international expertise and technology transfer.
Value Creation to Stakeholders
This Joint Venture will enable Sansera to:
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Diversify the product portfolio of precision-engineered components and derisk against their existing IC engine components.
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Access new customer segments and international markets
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Create additional revenue streams and improve financial performance
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Strengthening competitive positioning in the automotive value chain
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Create skilled employment opportunities and contribute to the economic development of Karnataka
SANSERA ENGINEERING LIMITED
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Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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Management Comments
Commenting on this strategic JV, Mr. S Sekhar Vasan, Chairman & Managing Director of Sansera said, “We are extremely pleased to announce this landmark Joint Venture with Nichidai, Japan, which represents a pivotal moment in Sansera’s evolution and growth story. This strategic partnership is perfectly aligned with our vision to expand into high-value, technology agnostic automotive component segments and strengthen our position as a comprehensive solutions provider to the global automotive industry.
By partnering with Nichidai, we are gaining access to world-class Japanese precision engineering technologies and manufacturing processes that will enable us to produce advanced components that represents the next frontier of automotive manufacturing excellence.”
Mr. Naoki Ito, President, of Nichidai said, “On behalf of Nichidai Corporation, I am honoured to announce this strategic Joint Venture with Sansera, marking our entry into India’s vibrant and rapidly growing automotive components manufacturing sector. India represents one of the world’s most dynamic automotive markets, and we have been carefully evaluating opportunities to establish a meaningful presence in this important geography.
After extensive evaluation, we are convinced that partnering with Sansera will provide us with the ideal platform to bring Nichidai’s 50 years of precision engineering expertise and Japanese quality standards to the Indian and global markets.”
About Sansera Engineering Limited
Sansera was incorporated in 1981, is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, the Company manufactures and supplies a wide range of precision forged and machined components and assemblies, such as connecting rods, rocker arms, crankshafts, gear shifter forks, stem components, and aluminium forged parts, which are critical for engine, transmission, suspension, braking, chassis and other systems for the 2-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, the Company manufactures and supplies a wide range of precision components for aerospace, off-road, agriculture and other segments, including engineering and capital goods.
About Nichidai Corporation
Nichidai , a company incorporated and organised under the laws of Japan with its registered office in Kyoto, Japan, has over 50 years of expertise in manufacturing dies, precision component manufacturing and assembly, and design, development and manufacturing of filters. The company operates facilities in Japan and Thailand, supplying products to various Japanese and global customers across multiple industries.
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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Safe Harbour Statement:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
For more information please contact:
Sansera Engineering Limited
Rajesh Kumar Modi Company Secretary Email Id: [email protected] Website: www.sansera.in
Strategic Growth Advisors Private Limited
Shikha Puri / Dharmik Kansara Email id: [email protected] / [email protected] Tel No: +91 9819282743 / +91 7208179323
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SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bommasandra Industrial Area, Anekal, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542