Rollatainers to acquire Satelite Forging and allot convertible warrants
ROLLT · price
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Rollatainers approved buying Satelite Forging shares for cash at Rs 48.95 each, making it a wholly owned subsidiary upon completion, targeted within 12 to 18 months. The target makes forged auto components and had FY2026 turnover of Rs 7,155.25 lakh, up from Rs 6,660.08 lakh in FY2025. Shareholders approved this related-party deal. The board allotted 13,45,29,149 convertible warrants at Rs 2.23 for up to Rs 30 crore, with 25 percent paid.
Acquisition may add auto-component revenue, but funding and completion create risk. Warrant conversion may lift promoter holding and dilute holders.