Ram Ratna Wires Limited has informed the Exchange regarding allotment of 2584536 securities pursuant to Scheme of Arrangement/Amalgamation at its meeting held on July 01, 2025
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Ram Ratna Wires Limited has allotted 25,84,536 equity shares (face value Rs. 5 each) to shareholders of Global Copper Private Limited as part of the approved Scheme of Amalgamation. The merger ratio is 6 equity shares of Ram Ratna Wires for every 1 share held in Global Copper. The NCLT Mumbai Bench had approved the scheme on May 29, 2025, with the effective date being June 23, 2025 and the record date set as June 25, 2025. Post this allotment, the paid-up equity share capital of the company has increased to Rs. 23.31 crore, comprising 4,66,26,536 equity shares. The newly allotted shares will rank equally with existing shares and will be listed on BSE and NSE.
This is a share issuance event that expands the company's share count by roughly 5.9% and integrates Global Copper's business into Ram Ratna Wires. Existing shareholders may see some dilution, but the merger is expected to add Global Copper's operations to the company. The stock may see short-term supply pressure as Global Copper's shareholders receive and potentially sell the new shares.