Mold-Tek Technologies surges on inking pact to acquire Beryl Project Engineering LLC
Mold-Tek Technologies is currently trading at Rs. 205.25, up by 5.55 points or 2.78% from its previous closing of Rs. 199.70 on the BSE.
The scrip opened at Rs. 195.60 and has touched a high and low of Rs. 208.30 and Rs. 195.60 respectively. So far 5692 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.15 on 11-Dec-2024 and a 52 week low of Rs. 109.85 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 208.30 and Rs. 190.00 respectively. The current market cap of the company is Rs. 593.82 crore.
The promoters holding in the company stood at 49.68%, while Institutions and Non-Institutions held 0.83% and 49.49% respectively.
Mold-Tek Technologies, through its wholly owned subsidiary -- Beryl Engineering Inc., has successfully executed an equity purchase agreement (EPA) with Beryl Project Engineering LLC and its existing shareholders on October 31, 2025 for acquisition of 100% stake in Beryl Project Engineering LLC. Upon completion of acquisition, Beryl Project Engineering LLC will become a wholly owned subsidiary of Beryl Engineering Inc. and step-down subsidiary of the company. Beryl Project Engineering LLC is a Florida-based engineering services company with an annual revenue of around $5.6 million and a team of around 40 employees. It specializes in structural engineering and design for residential, commercial and renovation projects. In addition, it offers property inspections, reserve studies, structural integrity assessments, expert witness services, permit certifications, and wind mitigation services.
Through this acquisition, the company is eyeing to expand into the U.S. residential and diversify in US engineering markets. The acquisition will also help in optimization of project delivery costs through the effective utilization of the company’s design and drafting teams, leading to improved operational efficiency and higher profit margins. It will also provide cross-leveraging of technical capabilities by offering company’s advanced BIM and structural engineering expertise to Beryl’s clients, while extending Beryl’s inspection and certification services to the company’s international clientele.
Mold-Tek Technologies (MTTL) is a leading Engineering Services provider in India. MTTL specializes in providing IT, Civil, Structural and Mechanical Engineering services to its clients located across the globe.
