Ram Ratna Wires Limited has informed the Exchange regarding 'Update on Revision in Record date for the purpose of determining the shareholders of the Transferor Company (Other than the Transferee Company) who shall be entitled to receive fully paid-up equity shares of the Transferee Company as per the share exchange ratio set out in the Scheme'.
RAMRAT · price
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Ram Ratna Wires has pushed its board meeting from June 16, 2025 to June 23, 2025. The board will re-adopt the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025, this time giving effect to the scheme of amalgamation of Global Copper Private Limited into Ram Ratna Wires. As a result, the record date for identifying shareholders of Global Copper (the transferor) who will receive fully paid-up shares of Ram Ratna Wires per the share exchange ratio has been revised from June 18, 2025 to June 25, 2025. The trading window for insiders, already closed from June 8, 2025, will now remain shut until June 25, 2025.
This is a procedural postponement of about a week tied to the merger with Global Copper; it does not change the deal terms or share exchange ratio but slightly delays the timeline for both the re-adopted results and the share entitlement of Global Copper's shareholders.