V-Guard Enters Lighting Segment; To Merge Unit

V-Guard Industries Ltd. on Tuesday said its board has approved the company’s entry into the lighting segment. The company plans to launch lighting products in select markets and will determine investment based on market response, scale, operations, and other external factors, it said in an exchange filing.

The move is part of V-Guard’s strategy to diversify and expand its business, and the new segment will complement its electricals and consumer durables portfolio.

The board also cleared the merger of its wholly-owned subsidiary Sunflame Enterprises Pvt. Ltd. with the parent. Sunflame is engaged in manufacturing and trading kitchen appliances.

V-Guard said the merger aims to unlock synergies, allowing better use of resources, access to R&D, product upgrades, and operational efficiencies.