Maithan Alloys Limited has informed the Exchange about conclusion of transaction relating to the acquisition of 80% equity shareholding of Goldtree Impex Private Limited.
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Maithan Alloys Limited has completed the acquisition of 80% equity shareholding in Goldtree Impex Private Limited, an unlisted company, on 12th May 2025 at 2:00 PM. The transaction was originally agreed upon on 21st April 2025 and was scheduled to conclude by 15th May 2025. As part of the deal, the erstwhile directors of Goldtree Impex have resigned from its board. The company has disclosed this update under SEBI Listing Regulations.
This acquisition marks the successful closing of a strategic deal for Maithan Alloys, giving it a controlling 80% stake in Goldtree Impex. Shareholders should monitor future disclosures for details on Goldtree's business operations and how it contributes to Maithan Alloys' financials going forward.