Sale17 Apr 2026, 06:11 pm
RR MetalMakers completes sale of Gujarat plant for ₹2.65 Cr
AI Summary
RR MetalMakers India Ltd has completed the sale of its undertaking/plant located in Talod, Sabarkantha, Gujarat, to Ojas Ecopower Limited. The transaction, finalized on April 16, 2026, as per an MoU dated March 13, 2026, generated a total consideration of ₹2.65 crores plus applicable taxes. For the financial year ended March 31, 2025, the divested Gujarat unit contributed 6.70% (₹3.52 crores) to the company's standalone turnover of ₹52.50 crores. The unit had a negative net worth. The buyer is not a promoter or related party, and the sale was approved by shareholders at an EGM on March 27, 2025, in compliance with SEBI regulations.
Key Highlights
- Company completed sale of its Gujarat plant on April 16, 2026.
- Total consideration received from the sale is ₹2.65 crores plus taxes.
- The buyer, Ojas Ecopower Limited, is not a related party.
- Gujarat unit contributed 6.70% to FY25 standalone turnover.
- Shareholders approved the sale at an EGM on March 27, 2025.