Seamec Limited (BSE:526807) agreed to acquire Aarey Organic Industries Private Limited on February 9, 2023. Aarey Organic reported turnover of INR 10.3 million for year ended March 31, 2022. The board of directors of Seamec Limited approved the transaction in a board of meeting.

Seamec Limited (BSE:526807) completed the acquisition of Aarey Organic Industries Private Limited for approximately INR 170 million May 2, 2023. As of May 2, 2023, the shares of Seamec Limited have been transferred and MIDC approval is expected within 3 months.