Scaffold Properties Private Limited has acquired a 14.43% stake in TMT India Limited by purchasing 7,14,600 equity shares from Ms. T G Aruna, a member of the company’s promoter group. The off-market transaction was executed on August 17, 2026, as part of a mandatory open offer initiated by Scaffold Properties alongside Yoga Builders Private Limited and MK Profinlease Private Limited under the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

The acquisition marks a significant shift in the ownership structure of TMT India Limited. Ms. Aruna’s holding in the company was reduced from 14,29,200 shares (28.85%) to 7,14,600 shares (14.43%). Prior to this transaction, Scaffold Properties held no stake in the listed entity. The acquisition brings its total holding to 7,14,600 shares, representing 14.43% of the total voting share capital.

Transaction Details

The deal was conducted off-market, linked to the open offer made by the acquirers to public shareholders under Regulations 3(1) and 4 of the SEBI SAST Regulations. The total equity share capital of TMT India Limited remains unchanged at ₹4,95,38,000, comprising 49,53,800 equity shares with a face value of ₹10 each.

Ms. Aruna holds no warrants, convertible securities, or other instruments entitling her to receive additional voting rights in the target company. The disclosure confirms that neither the shares sold nor the remaining holding carries any pledge, lien, or non-disposal undertaking.

Promoter Group Structure

Ms. Aruna is identified as a member of the existing promoter group of TMT India Limited. The filing lists Mr. Tumbalamgooty Veera Prasad and Mr. Naag Rohit as persons acting in concert (PAC) with the seller, also belonging to the promoter group. The company is listed on BSE Limited under Scrip Code 522171 and Scrip ID TMTIND.

The disclosure was filed on August 19, 2026, with the BSE Listing Operations department, requesting dissemination on the exchange website. No other financial metrics, such as revenue or profit figures, were disclosed in this regulatory filing.

The Committee of Independent Directors of TMT (India) Limited has determined that the open offer by a group of acquirers to purchase a 26.00% stake in the company is fair and reasonable. The committee's assessment, communicated to BSE Limited on July 03, 2026, provides shareholders with a recommendation regarding the proposed acquisition of up to 12,87,988 equity shares at a price of ₹10 per fully paid-up equity share.

The open offer is being made by Yoga Builders Private Limited (Acquirer-1), Scaffold Properties Private Limited (Acquirer-2), and Mk Profinlease Private Limited (Acquirer-3). The offer targets 12,87,988 equity shares of ₹10 each, representing 26.00% of the fully paid-up and voting share capital of TMT (India) Limited. The committee reviewed the regulatory filings, including the Public Announcement dated April 20, 2026, the Detailed Public Statement published on April 27, 2026, and the Letter of Offer dated June 24, 2026, before arriving at its conclusion.

Key Details of the Open Offer

The following table outlines the specific parameters of the open offer evaluated by the committee:

The committee, chaired by Sunitha Markonda, met on July 03, 2026, to discuss, analyse, and review the offer documents. The conclusion that the offer is fair and reasonable is based on the examination of the terms outlined in the Letter of Offer and preceding public announcements. This recommendation is intended to assist the shareholders of TMT (India) Limited in making an informed decision regarding the open offer.