Ratnamani Metals & Tubes Limited has informed the Exchange about Acquisition
RATNAMANI · price
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Ratnamani Metals & Tubes Limited has acquired the remaining 40% stake (40,000 shares) in its Swiss subsidiary Ratnamani Trade EU AG from joint venture partner Technoenergy AG, paying €400,000 in cash. With this acquisition on September 24, 2025, Ratnamani Trade EU AG has become a wholly-owned subsidiary of the company, with the parent now holding 100% of its €1,000,000 share capital. Ratnamani Trade EU AG, incorporated in December 2023 in Switzerland, serves as the exclusive European trading house for Ratnamani's stainless steel products, recording a turnover of €86.3 lakh in FY 2024-25 and €26.6 lakh in Q1 FY 2025-26. This is a related party transaction, as Technoenergy AG is also a JV partner in another subsidiary (Ratnamani Finow Spooling Solutions), though promoters have no interest and the deal was done at arm's length.
Converting the Swiss subsidiary into a wholly-owned entity gives Ratnamani Metals & Tubes complete operational and financial control over its European distribution arm, enabling better branding, faster delivery, and full capture of subsidiary profits. The small acquisition cost (€400,000) means minimal financial strain while strengthening the company's direct European market presence.