SHARVAYA METALS : ACQUIRES 100% OF SUCCESS ELECTRONICS WORTH OVER RS 11.68 CR

• Board approves acquisition of 100% share capital of Success Electronics Pvt Ltd via non-cash share swap • Consideration up to 21,00,000 equity shares of face value ₹10 each at ₹144, aggregating ~₹30.24 Cr • Swap ratio 2:21 (21 Sharvaya shares for every 2 Success shares); Success to become a wholly owned subsidiary • Completion within 15 days of shareholder or stock exchange approval, whichever is later • Success makes aluminium high-pressure die-cast components with 218-tonne and 418-tonne HPDC machines, supplying EV and automotive castings • Target turnover: ₹9.24 Cr (FY23), ₹11.92 Cr (FY24), ₹9.47 Cr (FY25); H1 FY27 revenue ₹4.48 Cr with net profit ₹88.61 lakh • Board also approves preferential issue of up to 8,11,000 convertible warrants at ₹144 each for ~₹11.68 Cr cash

Sharvaya Metals Ltd

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