In an exchange filing, the defence and aerospace company said an amount of Rs 986.35 crore, equivalent to the acquisition of 1,39,77,600 shares, has been deposited in a special escrow account for payment to public shareholders of Premier Explosives.
The company made an open offer to acquire 1,39,77,600 equity shares, representing 26 percent of Premier Explosives' equity, from its public shareholders. The offer opened on October 12, 2026, and closed on October 26, 2026, the company said.
The company is also building capabilities in explosives and energetics through the acquisition processes involving IDL and Premier Explosives.
The company reported an order book of around Rs 1,765 crore as of September 2026.
Shares of the company settled at Rs 398.25 per share on the BSE, down 0.15 percent.