Vishal Ghode agreed to acquire Durlabh Commodities Private Limited from JIK Industries Limited (BSE:511618) for INR 0.05 million on September 5, 2023. Durlabh Commodities has reported net loss of INR 0.0052 million and net worth of INR -0.855 million on March 31, 2023. The board of JIK Industries Limited (BSE:511618) has approved the transaction on September 5, 2023.

The shareholders of Durlabh Commodities has also approved in special resolution. The transaction is expected to complete on September 30, 2023.