Merger27 Jun 2026, 05:10 pm
VMS TMT Ltd to merge with Aditya Ultra Steel Ltd
AI Summary
VMS TMT Limited announced its Board of Directors has approved a Scheme of Amalgamation for the merger of Aditya Ultra Steel Limited (AUSL) into VMS TMT Limited. The proposed transaction, under Sections 230-232 of the Companies Act, 2013, is subject to approvals from SEBI, NCLT, stock exchanges, and shareholders/creditors. AUSL has total assets of ₹19,297.46 lakhs and turnover of ₹40,989.92 lakhs. VMS TMT has total assets of ₹51,941.16 lakhs and turnover of ₹84,019.95 lakhs. Both companies are in the TMT bar manufacturing business. The merger aims to consolidate business operations.
Key Highlights
- VMS TMT Ltd approved merger with Aditya Ultra Steel Ltd.
- Merger subject to regulatory and shareholder approvals.
- AUSL assets ₹19,297.46L, VMS TMT assets ₹51,941.16L.
- Both firms manufacture TMT bars; merger aims to consolidate.
- Transaction considered arm's length, based on valuation reports.
Price Impact
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