Ram Ratna Wires Limited has informed the Exchange regarding 'approval of Record date for the purpose of determining eligible shareholders of Global Copper Private Limited, transferor Company to whom the securities of Company would be allotted in terms of Scheme of Amalgamation.'.
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The Board approved revised audited financial results for Q4 and FY25 following the NCLT, Mumbai Bench order dated May 29, 2025, sanctioning the merger of its subsidiary Global Copper Pvt. Ltd. into Ram Ratna Wires, effective June 23, 2025 with a retrospective appointed date of April 1, 2024. The merger has been given effect as if it occurred from April 1, 2023. A record date of June 25, 2025 has been fixed to identify Global Copper shareholders entitled to receive 6 equity shares of Ram Ratna (face value ₹5) for every 1 share (face value ₹10) held in the transferor company. Standalone FY25 revenue rose to ₹3,62,267.94 lakhs (from ₹2,95,917.72 lakhs) and profit for the year rose to ₹7,172.32 lakhs (from ₹5,996.56 lakhs), translating to basic EPS of ₹15.39. The Board also fixed August 18, 2025 as the record date for the recommended final dividend of ₹2.50 per share (50%) and called the 33rd AGM for August 29, 2025.
Existing shareholders of Global Copper will soon receive Ram Ratna Wires shares at a 6:1 swap ratio, modestly diluting the equity base. The combined entity shows materially higher revenues and profits on a restated basis, reflecting the absorbed subsidiary's contribution.