With reference to our board meeting intimation dated January 27, 2026, we hereby inform you that the meeting of Board of Directors of the Company held today, Tuesday, February 3, 2026 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved a rights issue of equity shares (face value ₹10) worth up to ₹45.30 crore to existing eligible shareholders. The issue price, entitlement ratio and record date are yet to be decided. Separately, the board approved acquiring 100% of Singapore-based HA & DL Holdings Pte. Ltd. for a cash consideration of $20,11,000 (about ₹2.01 crore), which gives it a foothold in VMR Metal Recycling Co. Ltd, Vietnam. The board also cleared the acquisition of the remaining 80% stake in Arrowin Metaltech (India) Pvt. Ltd. for ₹1,502.61 lakh in cash, making it a wholly-owned subsidiary (the company already holds 20%).
Existing shareholders may see some dilution once the rights issue is priced, but it brings in growth capital. The acquisitions expand the company into metal recycling in Vietnam and consolidate its Indian metal operations, which could support future revenue growth if integration goes smoothly.