Ram Ratna Wires Limited has informed the Exchange that 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 is 18-Jun-2025 subject to approval from the Board of Directors of the Company.
RAMRAT · price
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Ram Ratna Wires Limited has fixed June 18, 2025 as the record date to identify shareholders of Global Copper Private Limited (the Transferor Company) who will receive fully paid-up equity shares of Ram Ratna Wires as per the share exchange ratio under the approved Scheme of Amalgamation. The scheme, a merger by absorption of Global Copper into Ram Ratna Wires, was sanctioned by the NCLT Mumbai Bench via its order dated May 29, 2025. A board meeting is scheduled for June 16, 2025 to re-adopt the audited financial results for Q4 and FY25 incorporating the effects of the scheme. The trading window for insiders remains closed from June 8 till June 18, 2025.
Shareholders of Global Copper (other than Ram Ratna Wires) on record as of June 18 will receive new equity shares of Ram Ratna Wires per the swap ratio, leading to share dilution for existing RRW shareholders but expanding the consolidated business with Global Copper's operations.