RR MetalMakers India Limited has successfully completed the divestment of its manufacturing facility in Gujarat, marking a significant corporate restructuring move. The company announced the completion of the sale on April 17, 2026, through a regulatory filing to BSE Limited.

Transaction Details

The sale was finalized on April 16, 2026, with Ojas Ecopower Limited as the buyer. The transaction follows a structured timeline that began with the initial announcement and culminated in the successful completion of the asset transfer.

Financial Impact and Unit Performance

The Gujarat unit's contribution to RR MetalMakers' overall business operations provides insight into the transaction's financial implications. Based on standalone figures as of March 31, 2025, the unit represented a specific portion of the company's total operations.

The Gujarat unit generated a turnover of ₹3.52 crores, contributing 6.70% to the company's total standalone turnover of ₹52.50 crores. However, the unit recorded a negative net worth of ₹5.30 crores, making percentage contribution to overall net worth non-applicable.

Regulatory Compliance and Approvals

The transaction adhered to all regulatory requirements under SEBI regulations. Key compliance aspects include:

• Shareholder Approval: Obtained at Extraordinary General Meeting on March 27, 2025
• Regulatory Framework: Compliant with Regulation 37A of LODR Regulations
• Transaction Nature: Outside Scheme of Arrangement
• Related Party Status: Not a related party transaction

Buyer Information

Ojas Ecopower Limited, the acquiring entity, operates from Flat No. 23, 3rd Floor, Sarthik Complex, Satellite Road, Near Iscon Mega Mall, Ahmedabad, Gujarat 380015. The company confirmed that the buyer does not belong to the promoter or promoter group, ensuring the transaction's arm's length nature.

The completion of this divestment represents RR MetalMakers' strategic decision to optimize its asset portfolio and focus resources on core business operations.

RR MetalMakers India Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory obligations under SEBI (Depositories and Participants) Regulations, 2018. The filing, dated April 07, 2026, covers the quarter ended March 31, 2026, and demonstrates the company's commitment to maintaining transparency in its share transfer operations.

Regulatory Compliance Filing

The certificate was filed under regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates periodic confirmation of proper handling of securities dematerialisation processes. Company Secretary and Compliance Officer Harshika Kothari submitted the documentation to BSE Limited's Corporate Relations Department.

Registrar Confirmation

Adroit Corporate Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 01, 2026. The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories.

The certificate validates several key compliance aspects:

• Securities received for dematerialisation were confirmed (accepted/rejected) to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Corporate Information

The submission reflects RR MetalMakers India Limited's ongoing commitment to regulatory compliance and transparent corporate governance practices. The company maintains its registered office at Antop Hill Warehousing Complex in Mumbai's Wadala area, with corporate operations based at Sugar House in the city's commercial district.

This quarterly filing ensures continued adherence to SEBI's depositories and participants regulations, maintaining the company's good standing with regulatory authorities and stock exchange requirements.