TMT India Board Approves Share Capital Hike, Acquisition, and Name Change

TMT India Ltd's Board of Directors met on September 5, 2026, and approved several significant proposals. These include increasing the authorized share capital from ₹10 crore to ₹100 crore, subject to shareholder approval. The company also approved the acquisition of 100% equity share capital of Shakti Auto Industries Private Limited through a Share Purchase and Share Subscription Agreement. Additionally, the board greenlit preferential issuances of equity shares for cash and non-cash considerations, alterations to the Memorandum and Articles of Association, and an enhancement of borrowing limits up to ₹500 crore. A major proposal is the change of the company's name to 'Shakti Auto Industries Limited', pending regulatory and shareholder approvals. The board also approved shifting the registered office from Telangana to Maharashtra.