Withdrawal of Scheme of Arrangement of Amalgamation of United Wolfram Private Limited with Rapicut Carbides Limited.
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In June 2025, the Board of Rapicut Carbides had approved a Scheme of Amalgamation with United Wolfram Private Limited (a transferor company), subject to regulatory approvals. On 24 September 2025, United Wolfram's Board informed Rapicut of its decision to withdraw from the scheme. Accordingly, at a board meeting on 27 September 2025, Rapicut's Board noted the withdrawal and declared the amalgamation scheme null and void with immediate effect. The earlier approval of the scheme is therefore no longer valid, and no further steps toward merger will be taken under this proposal.
The proposed amalgamation with United Wolfram is called off, leaving Rapicut's standalone structure and growth plans unchanged for now. Shareholders should not expect any share-swap or consolidation from this deal, though the company may pursue alternative acquisition or expansion plans in the future.