TMT India Ltd: Open Offer Announcement for 26% Stake

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted an Offer Opening Public Announcement to the shareholders of TMT India Ltd. The open offer is to acquire up to 12,87,988 equity shares, representing 26.00% of the fully paid-up and voting share capital, at a price of ₹10 per share. The acquirers are Yoga Builders Private Limited, Scaffold Properties Private Limited, and MDK Properties and Estates Private Limited. The offer price has been deemed justified by the Committee of Independent Directors. The Letter of Offer dispatch was completed on June 30, 2026, and the offer is proceeding as per SEBI SAST Regulations, 2011.