Please refer attached annexure.
Price
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Awaiting price reaction for this filing.
On October 16, 2025, the Board of V R Woodart Limited approved acquiring 100% stake in two entities — Nidimo Mont Private Limited (31 lakh shares for INR 3.10 crore) and Parent Mont International Private Limited (1 lakh shares for INR 10 lakh) — for a total cash consideration of about INR 3.20 crore at INR 10 per share. Both targets operate in the stainless steel trading, import and export business and will become wholly owned subsidiaries upon completion, targeted by end of Q3 FY26. While both acquired companies themselves had nil turnover for FY25, they have entered business transfer agreements with partnership firms Nidimo International (turnover INR 531.22 crore in FY25) and Parent Mont (turnover INR 1,965.33 crore in FY25). The transaction is a related party deal — sellers Mrs. Minal Patil and Ms. Mounika Maddukuri will be reclassified as the new promoter group — and has been approved by the Audit Committee with a valuation report from a registered valuer on an arm's length basis.
The acquisition marks a major strategic shift into the stainless steel and alloys business, with effective access to over INR 2,400 crore of underlying partnership-firm turnover through the newly acquired subsidiaries. Shareholders should note the deal is a related party transaction with the incoming promoter group, though it is supported by a registered valuer's report and arm's length pricing. The stock could see interest from the sharp scale-up in business scope, but investors should watch for execution risk and further disclosures on shareholder approvals.