Rotographics to acquire up to 51% of Teneron Ltd; rebrands to Novalum Materials

Rotographics (India) Ltd announced a series of significant corporate actions following a board meeting. The company approved the acquisition of up to 51% of Teneron Limited's expanded equity share capital via cash consideration. Additionally, Rotographics plans to rebrand itself as Novalum Materials Limited, subject to shareholder approval. The board also approved increasing borrowing limits to ₹100 crore and granting loans/investments up to ₹100 crore, both requiring shareholder consent. A sub-division of equity shares from ₹10 to ₹2 is also proposed. A material related party transaction with Teneron Limited, up to ₹250 crore, was approved for one year.