TMT (India) Limited has announced that its board of directors will meet on May 29, 2026, to consider and approve the audited financial results for the quarter and fiscal year ended March 31, 2026. The meeting is scheduled to take place at the company's registered office located at the 1st Floor, Punnaiah Plaza, Road No.2, Banjara Hills, Hyderabad, Telangana.

Agenda for the Meeting

The primary agenda item for the upcoming board meeting is the consideration and approval of the audited financial results for the fourth quarter of the fiscal year 2026 and the full fiscal year 2026. This disclosure is being made in accordance with Regulation 29 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In conjunction with the board meeting, the company has provided details regarding the trading window for its securities. The trading window for designated persons of the company, which had been closed from the end of the quarter in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, is set to reopen on June 1, 2026.

Key Meeting Details

The notice was signed by Tumbalam Gooty Veera Prasad, Managing Director of TMT (India) Limited, on May 21, 2026.

Three entities belonging to the Kothari Products Limited Group have announced a mandatory open offer to acquire up to 26% stake in TMT (India) Limited, following their acquisition of controlling interest from existing promoters. The announcement was made through Navigant Corporate Advisors Limited as the manager to the offer, with the Detailed Public Statement published on April 27, 2026.

Open Offer Details

The open offer is being made by Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited (collectively referred to as the Acquirers) for acquisition of equity shares from public shareholders of TMT (India) Limited.

Underlying Transaction

The open offer obligation was triggered following the execution of share purchase agreements dated April 20, 2026, through which the acquirers purchased a controlling stake from existing promoters and a public shareholder.

The sellers include Veera Prasad Tumbalamgooty (promoter), Naag Rohit and T G Aruna (promoter group members), and Ramana Murthy A.V. (public shareholder). All these shareholders will completely exit their positions in the target company.

Acquirer Details

All three acquiring entities are controlled by members of the Kothari family and belong to the Kothari Products Limited Group. The acquirers had no prior shareholding in TMT (India) Limited.

Yoga Builders Private Limited is based in Raipur, Chhattisgarh, while the other two entities are located in Mumbai. The promoters and persons in control include Arti Kothari, Urvi Kothari, and Mitesh Kothari.

Financial Arrangements

The acquirers have deposited ₹130.00 Lacs in cash in an escrow account opened with Axis Bank Limited on April 21, 2026, which is in excess of 100% of the total offer consideration. No funds are being borrowed from any bank or financial institution for the purpose of this open offer. CA Aditya Purwar, Partner of Purwar & Purwar, Chartered Accountants, has certified that as on February 28, 2026, Acquirer-1, Acquirer-2, and Acquirer-3 have net worths of ₹22,000.74 Lacs, ₹12,478.84 Lacs, and ₹13,881.04 Lacs, respectively.

Target Company Profile

TMT (India) Limited is incorporated under the Corporate Identification Number L99999TG1976PLC002002 with its registered office in Hyderabad, Telangana. The company's equity shares are listed on BSE Limited with scrip code 522171. The fully paid-up equity share capital stands at ₹4,95,38,000 divided into 49,53,800 equity shares of ₹10 each.

The equity shares of the target company are classified as infrequently traded on BSE in terms of SEBI (SAST) Regulations. The shares are placed under Group "XT" and are presently classified under GSM: Stage 4. Upon completion of this transaction, the acquirers will become the new promoters of TMT (India) Limited, while existing promoters will be reclassified as public category shareholders.

Tentative Schedule

The open offer is scheduled to open on June 12, 2026, and close on June 25, 2026. The Public Announcement was made on April 20, 2026, and the Detailed Public Statement was published on April 27, 2026. The last date for filing the draft letter of offer with SEBI is May 5, 2026, and payment of consideration for acquired shares is scheduled for July 10, 2026. BSE Limited shall be the designated stock exchange for the purpose of tendering shares in the open offer.