TMT (India) Limited approved the acquisition of 100% of Shakti Auto Industries Private Limited and proposed changing its name to Shakti Auto Industries Limited.

The board meeting held on September 5, 2026, also sanctioned a preferential issue of up to ₹92.6 crore and increased the authorized share capital from ₹10 crore to ₹100 crore. An annual general meeting is scheduled for September 30, 2026, to seek shareholder approval for these proposals.

Acquisition Details

The company will acquire the entire equity share capital of Shakti Auto Industries Private Limited, a recycling firm specializing in aluminum alloys. The target entity reported a standalone turnover of ₹54,551.07 lakh in FY26.

Shakti Auto operates an 8-acre facility in Takve, Pune, with an annual production capacity of 60,000 metric tons of aluminum alloy ingots and molten metal. The transaction is expected to complete within three months, subject to regulatory approvals. No governmental or regulatory approvals are explicitly required for the acquisition itself.

Preferential Issue

The board approved two preferential issues at an issue price of ₹10 per equity share:

1. Share Swap: Issuance of up to 2,05,00,000 equity shares (₹20.5 crore) to shareholders of Shakti Auto Industries as consideration for the acquisition.
2. Cash Issue: Issuance of up to 7,21,65,000 equity shares (₹72.16 crore) to promoters and non-promoters.

Allotment Structure

Other non-promoter allottees include Vivek Lakshminath Mehrotra (5.68%) and Ruchi Raju Shah (4.10%).

Corporate Actions

The board also approved:

• Increasing borrowing limits up to ₹500 crore.
• Increasing limits for creation of charge/mortgage on assets up to ₹500 crore.
• Altering the main object clause of the Memorandum of Association.
• Shifting the registered office from Telangana to Maharashtra.
• Adoption of new Articles of Association and Memorandum of Association.

AGM and Register Closure

The annual general meeting will be held on September 30, 2026, at 3:00 pm via video conference. The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026.

Yoga Builders Private Limited disclosed a holding of 7,61,990 shares in TMT India Ltd, representing 15.38% of the total share capital as on August 20, 2026.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the Bombay Stock Exchange (BSE) and TMT India Ltd on August 20, 2026.

Shareholding Details

Yoga Builders is not part of the promoter or promoter group of TMT India Ltd. The acquirer’s holding consists entirely of shares carrying voting rights.

The shares are listed on BSE Limited. No encumbrances, pledges, or liens were reported against the holding. There were no warrants or convertible securities disclosed in the filing.