Announced Mon, 21 Sept · 15:09 IST
Board approves up to Rs 100 Cr acquisition of Satelite Forgings shares
ROLLT · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹5.71
prior close
₹5.96
base price
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AI summary
Board approved acquiring shares of Satelite Forgings Pvt Ltd, a related party with a common ultimate beneficial owner, for up to Rs 100 Crores. The deal is a material related party transaction requiring shareholder approval as a Special Resolution at the 55th AGM on Sept 30, 2026. Funds will come from issue of securities, internal accruals, or available cash. Valuation done by GN Fair Valuation. Related party shareholders cannot vote on this resolution.
Likely market impact
Shareholders vote on a Rs 100 Cr material RPT at AGM on Sept 30. Related parties barred from voting. Perceived strategic value may move the stock.