Ratnaveer Precision Engineering Ltd Subscribes 100% Stake in Ratnaveer StainlessInox LLC

Ratnaveer Precision Engineering Ltd has subscribed 100% stake in Ratnaveer StainlessInox LLC, a wholly owned subsidiary company incorporated in UAE. The company received the business license on 17th October 2023. The acquisition is a related party transaction, with the subsidiary being a fall within the related party transactions. The subsidiary is engaged in the stainless steel industry and the acquisition aims to expand the main business of the company in UAE. The cost of acquisition is AED 1,00,000/-. The acquisition was completed on 5th February 2026.