Kunal Garg, Kashi Prasad Roop Kishore and Pawan Kumar Garg entered into an agreement to acquire 38.2% stake in Standard Organo Chemicals Private Limited from Standard Surfactants Limited for INR 4.2 million on February 28, 2020. As per terms, total of 0.65 million equity share shall be acquired equivalent to 38.24% stake of Standard Organo Chemicals Private Limited. Post completion, Standard Organo Chemicals Private Limited will be no more an associate company of Standard Surfactants Limited. For the Year ending March 31, 2019, total revenue and net worth contributed by Standard Organo Chemicals Private Limited was INR 0 and INR 6.5 million respectively. The transaction was approved by the board of directors of Standard Surfactants Limited on February 14, 2020. The transaction is expected to close on March 10, 2020. Kunal Garg, Kashi Prasad Roop Kishore and Pawan Kumar Garg completed the acquisition of 38.2% stake in Standard Organo Chemicals Private Limited from Standard Surfactants Limited INR 4 million on March 31, 2020.