Ram Ratna Wires Limited has informed the Exchange about receipt of the certified true copy of the Order for Scheme of Amalgamation (merger by absorption) of Global Copper Private Limited ( Transferor Company ) with and into Ram Ratna Wires Limited ( Transferee Company or Company ) and their respective shareholders ( Scheme ), today i.e. June 04, 2025.
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Ram Ratna Wires Limited (RRWL) has received the certified true copy of the NCLT Mumbai Bench order dated May 29, 2025 sanctioning the merger of its subsidiary Global Copper Private Limited (GCPL) into RRWL under a Scheme of Amalgamation (merger by absorption). The Appointed Date for the scheme is April 1, 2024, and the order was delivered without any objections from creditors, the Regional Director, or the Official Liquidator. The share exchange ratio is 6 equity shares of RRWL (face value Rs 5 each) for every 1 equity share of GCPL (face value Rs 10 each), and RRWL's existing 60% holding in GCPL will stand automatically cancelled. Both companies belong to the RR Global group, with GCPL making copper tubes/coils and RRWL making enamelled copper winding wires, and the merger is expected to deliver operational synergies, cost savings, and a stronger combined market position.
Minority shareholders of GCPL will receive RRWL shares at the announced swap ratio, while existing RRWL shareholders see no dilution from the parent company's own 60% stake (which gets cancelled). The combined entity is expected to benefit from synergies and better margins, though GCPL carries a pending GST tax demand of around Rs 15.2 lakh that the merged entity will inherit.