Ram Ratna Wires Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Ram Ratna Wires Limited has informed the exchanges about a Board meeting scheduled on June 16, 2025 to re-adopt its Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2025, incorporating the effects of its recently approved merger. The merger involves Global Copper Private Limited being absorbed into Ram Ratna Wires, with the NCLT Mumbai Bench having approved the scheme on May 29, 2025. The company has fixed Wednesday, June 18, 2025 as the Record Date to identify shareholders of Global Copper (other than Ram Ratna Wires) who will receive equity shares of Ram Ratna Wires based on the share exchange ratio in the scheme. The trading window for dealing in company securities is closed from June 8, 2025 until 48 hours after the results are declared, i.e. till June 18, 2025.
Existing shareholders of Global Copper Private Limited will receive equity shares of Ram Ratna Wires as per the swap ratio upon the Record Date. The re-adoption of audited results with merger effects and the closure of the trading window are procedural steps ahead of the merger's effective implementation, which could lead to expansion of the shareholder base and changes in capital structure.