TMT India Board: ₹100 Cr capital hike, acquisition, preferential issues

TMT India Ltd announced a revised outcome of its Board Meeting held on September 05, 2026, to correct a typographical error in Annexure III regarding a preferential issue for cash. The original decisions remain unchanged. The Board approved increasing the Authorised Share Capital from ₹10 Crore to ₹100 Crore. It also approved the acquisition of 100% equity of Shakti Auto Industries Private Limited. Furthermore, the Board sanctioned two preferential issues: one for up to 2.05 Crore equity shares for consideration other than cash (share swap) and another for up to 7.21 Crore equity shares for cash. The company also approved enhancing its borrowing limits up to ₹500 Crores.