Shanti Gold International Limited has completed the acquisition of 2,65,000 equity shares of Ratnaveer Precision Engineering Limited for an aggregate consideration of ₹8.83 crore.

The transaction, executed through the secondary market on September 26, 2026, involved a weighted average price of ₹333.33 per share. This purchase constitutes approximately 0.37% of Ratnaveer’s paid-up equity share capital. The company stated that this investment is part of its broader investment activity and does not involve any related party transactions.

Transaction specifics

The acquisition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consideration was entirely in cash, inclusive of brokerage fees. The target entity, Ratnaveer Precision Engineering Limited, is a manufacturer and exporter of stainless steel products serving automotive, solar, pharmaceutical, railways, aerospace, and construction industries.

Target company financials

Ratnaveer Precision Engineering Limited reported robust growth in its recent fiscal years. For FY26, the company recorded a turnover of ₹1,068.74 crore and a profit after tax of ₹64.31 crore. The company was incorporated in February 2002 and listed on BSE and NSE in September 2023.

The following table outlines the revenue trajectory over the last three fiscal years:

What the numbers show

The acquisition represents a minor strategic entry for Shanti Gold into the industrial manufacturing sector. While the stake is small at 0.37%, the timing coincides with Ratnaveer’s significant top-line expansion. The target company’s turnover grew from ₹595.38 crore in FY24 to ₹1,068.74 crore in FY26, indicating strong operational momentum in the stainless steel segment prior to this investment.

Shanti Gold International has scheduled its 13th Annual General Meeting for Monday, September 28, 2026. The meeting will commence at 3:00 pm and be conducted exclusively through video conferencing or other audio-visual means.

The company notified the BSE and NSE on August 31, 2026, confirming compliance with SEBI Listing Regulations and Ministry of Corporate Affairs circulars permitting virtual meetings. Newspaper advertisements were published in The Financial Express and Mumbai Lakshdeep on September 4, 2026.

Meeting Logistics

The AGM aims to transact business outlined in the official notice. Shareholders will receive the notice along with the annual report for FY26 via electronic mode if email addresses are registered with the company or depositories. Those without registered emails will receive a letter containing a web link to access the documents on the company website.

Voting Procedures

The company has arranged remote e-voting facilities through National Securities Depository Limited. Shareholders can cast votes remotely or during the meeting using the e-voting system. Detailed instructions for joining the virtual session and casting votes are included in the AGM notice available on the exchange websites and NSDL portal.

Shareholders holding shares in physical mode are requested to update their KYC details with Bigshare Services Private Limited if they have not done so previously. Electronic communication remains the primary channel for disseminating meeting-related information.