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.

TMT (India) Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter and financial year ended 31st March, 2026, demonstrating the company's adherence to securities handling protocols.

Regulatory Compliance Details

The certificate was filed under Regulation 74(5) of SEBI regulations on 15th April, 2026, with Company Secretary Sonam Jain (Membership No. A58537) signing the submission to BSE's Department of Corporate Services. The document was addressed to BSE Limited at P.J Towers, Dalal Street, Mumbai, referencing the company's scrip code 522171.

Registrar Certification

Venture Capital and Corporate Investments Private Limited, serving as TMT India's Registrar and Share Transfer Agent, issued the compliance certificate on 6th April, 2026. The registrar confirmed proper handling of dematerialization processes and adherence to regulatory timelines.

Dematerialization Process Confirmation

The registrar certified that securities received for dematerialization were properly mutilated and cancelled after due verification. The certificate confirms that depository names were updated in company records as registered owners within the mandated 15-day timeline upon receipt of valid Dematerialization Request Forms (DRF) and share certificates.

Depository Services

The compliance process involved both major Indian depositories:

• National Securities Depository Limited (NSDL)
• Central Depository Services (India) Limited (CDSL)

The registrar confirmed that security details were furnished to relevant stock exchanges as required under SEBI regulations. This ensures transparency and proper record-keeping across all trading platforms where TMT India's securities are listed.

Corporate Governance

This quarterly filing represents TMT India's ongoing commitment to regulatory compliance and corporate governance standards. The systematic submission of SEBI-mandated certificates ensures investor protection and maintains market integrity through proper securities handling procedures.