StockWatch
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Other Electrical Equipment
Board Meeting29 Oct 2026, 04:27 pm

Ram Ratna Wires Acquires 100% of Epavo Electricals, Invests ₹50 Cr in Rajasthan Land

AI Summary

Ram Ratna Wires Ltd announced its Board of Directors has approved the acquisition of an additional 50% stake in Epavo Electricals Private Limited from Epack Durable Limited, making Epavo a wholly-owned subsidiary. The company also approved an investment of up to ₹50 Crores for land acquisition in Rajasthan for future expansion. These decisions were made during a board meeting held on October 29, 2026, where the unaudited financial results for the quarter and half-year ended September 30, 2026, were also approved. The financial results were reviewed and recommended by the Audit Committee and accompanied by a Limited Review Report from the Statutory Auditors.

Key Highlights

  • Acquired 100% ownership of Epavo Electricals Private Limited.
  • Invested up to ₹50 Crores for land acquisition in Rajasthan.
  • Approved unaudited financial results for Q2 FY27 and H1 FY27.
  • Epavo Electricals will become a wholly-owned subsidiary.
  • Board meeting held on October 29, 2026.