Outcome of Board meeting held on 31.03.2026
Awaiting price reaction for this filing.
Keto Motors Ltd (formerly Taaza International Ltd) has allotted 5,60,47,800 equity shares of Rs. 10 each at par to shareholders of Keto Motors Private Limited, pursuant to a Scheme of Arrangement approved by the NCLT Hyderabad Bench on 12.06.2025. The share exchange ratio is 3:2, meaning every 2 shares of Keto Motors Private Limited were exchanged for 3 shares of the listed entity. As a result, the total share count rises from 1,43,86,672 to 7,04,34,472 shares. The merger brings in a company with a turnover of Rs. 2,714.77 lakhs (FY25) into the listed entity, which had nil turnover. The business of both entities centres on automotive design, manufacturing, assembly, and EV-related activities. The transaction is not a related-party transaction.
Existing public shareholders face significant dilution, with their stake falling from 36.75% to 7.51%, while promoter shareholding rises from 63.25% to 92.49%. The listed company gains a revenue-generating automotive business but with concentrated promoter control, which may affect liquidity and minority shareholder influence going forward.