RR MetalMakers India Limited has announced the execution of a Memorandum of Understanding (MOU) with Ojas Ecopower Limited for the sale of its Gujarat manufacturing facility. The transaction, valued at ₹2.65 crores plus applicable taxes, marks a significant divestment for the Mumbai-based company as it streamlines its operations.

Transaction Details and Financial Structure

The MOU was signed on March 13, 2026, with Ojas Ecopower Limited, an Ahmedabad-based company located at Flat No.23, 3rd Floor, Sarthik Complex, Satellite Road, Near Iscon Mega Mall, Ahmedabad, Gujarat 380 015. The buyer does not belong to the promoter or promoter group, ensuring the transaction remains at arm's length.

Gujarat Unit's Financial Performance

The Gujarat facility being sold is located at Survey No. 36, Nr. Navavas Village, Dehgam-Dhansura Road, Tal: Talod, Dist.: Sabarkantha, Gujarat. As of March 31, 2025, the unit's financial contribution to the parent company showed mixed results.

*Since the net worth of the unit is negative, percentage contribution to overall net worth cannot be established.

Regulatory Compliance and Timeline

The sale represents a disposal of undertaking outside any scheme of arrangement. RR MetalMakers had previously secured shareholder approval for this proposal at an Extraordinary General Meeting held on March 27, 2025, ensuring compliance with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The transaction is not classified as a slump sale and does not involve any related party dealings. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive details about the buyer, consideration, and expected completion timeline.

Strategic Implications

While the Gujarat unit contributed 6.70% to the company's total turnover, its negative net worth of ₹5.30 crores suggests the divestment may help improve the overall financial health of RR MetalMakers India Limited. The transaction is expected to be completed within the current financial year, with the balance payment of ₹1.15 crores due before March 31, 2026.

RR MetalMakers India Limited has announced the initiation of talks for the sale of its manufacturing undertaking located in Gujarat. The company submitted this disclosure to BSE Limited on March 02, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Transaction Details

The proposed sale involves the company's undertaking situated at a specific location in Sabarkantha district, Gujarat. The facility details are outlined below:

Regulatory Compliance

The disclosure has been made under Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This communication serves as an update to the company's previous letter dated February 28, 2025, indicating ongoing discussions regarding the potential transaction.

Next Steps

RR MetalMakers India Limited has committed to submitting detailed disclosures as required under Regulation 30 once the transaction reaches finalization. The company will provide comprehensive information about the sale terms, financial implications, and other material aspects of the transaction to the stock exchange upon completion of negotiations.

The disclosure was signed by Reena Parmar, Wholetime Director (DIN: 09411621), on behalf of the company, ensuring proper authorization and compliance with corporate governance requirements.