Outcome of Board Meeting held on 27th June, 2025.
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The Board of Rapicut Carbides Ltd approved a Scheme of Amalgamation to merge United Wolfram Private Limited (UWPL) into Rapicut Carbides, with Rapicut as the Transferee Company. The amalgamation is being done under Sections 230-232 of the Companies Act, 2013 and is subject to shareholder approval and clearance from the NCLT Ahmedabad Bench. UWPL appears to be a tungsten/wolfram-related business, suggesting a move to expand Rapicut's product portfolio. Separately, Mr. Venkatta Ramanan Ravindran Puliyady, currently Head of Accounts & Finance, has been appointed as the new CFO with effect from 27th June 2025.
The amalgamation could strengthen Rapicut's business and product range if approved, but is still subject to shareholder and NCLT approvals, so timeline and final terms remain uncertain. The CFO change is a routine governance update with no negative implications.