Jasch Industries Ltd - value unlocking possible?

JASCH IND margins in range of 11-12% vs MAYUR margins of 19-20%. Valuation wise JASCH is at 8.6 PE & 0.9 P/S while MAYUR is at 20 PE & 2.9 P/S

Navneet Garg buying out Jai Kisan Garg

Does anybody know if this falls under the “Uber Cannibals” framework?