19-Oct-2026 13:45:46

RRMETALAcquisition and merger

RRMETAL : OPEN OFFER WORTH RS 1 CR AT RS 36.83/SHARE

• Acquirers RB International Holdings, Suyog Yogesh Desai and Nikita Suyog Desai to buy up to 23,42,295 shares or 26% of equity • Offer price ₹36.83 per share includes compensatory interest of ₹12.98 per share; total consideration ~₹8.63 Cr assuming full acceptance • SPA signed to buy 70.66% (63,65,924 shares) from promoters Virat Shah and Alok Shah at ₹23.85 per share, aggregating ~₹15.18 Cr • Escrow account holds ₹2.21 Cr, more than 25% of the maximum consideration payable • Acquirer stake to rise to 96.66% on full acceptance; public holding may fall below 25% minimum public shareholding • Tendering period October 26 to November 6, 2026; stock is under ESM stage 0 with infrequent trading

RR MetalMakers India Ltd

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