Sai Swami Metals & Alloys has announced a significant corporate move, approving the complete divestment of its wholly owned subsidiary, Bhagat Marketing Private Limited (BMPL). The board's decision, which is subject to shareholder approval, values the transaction at Rs. 2.96 crore.

Key Details of the Divestment

The company has provided the following information regarding the divestment:

Financial Impact

The divestment of BMPL is expected to have a significant impact on Sai Swami Metals & Alloys' financials:

Transaction Details

• The transaction is considered a related party transaction, as the buyer, Mr. Nipun Anantlal Bhagat, is part of the promoter group.
• The company has confirmed that the transaction is being conducted at arm's length basis.
• The expected completion date for the sale is estimated to be December 31, 2025, subject to all necessary approvals.

Regulatory Compliance

Sai Swami Metals & Alloys has filed the required disclosures under the Listing Obligations and Disclosure Requirements (LODR) regulations, ensuring transparency in the divestment process. The company awaits shareholder approval at the upcoming Extraordinary General Meeting before proceeding with the transaction.

This strategic move by Sai Swami Metals & Alloys marks a significant shift in its corporate structure. Stakeholders will be closely watching how this divestment affects the company's future financial performance and operational focus.

Sai Swami Metals & Alloys Limited (SSMLL) has announced a strategic move to expand its operations internationally. The company's Board of Directors has approved a proposal to either incorporate a wholly owned subsidiary or acquire an existing company in Dubai, United Arab Emirates. This new entity will focus exclusively on IT-related and steel business operations, marking a significant step in SSMLL's growth strategy.

Key Details of the Expansion

• Ownership Structure: SSMLL will hold 100% shareholding in the new entity, with complete voting rights and authority to appoint directors.
• Share Capital: The proposed subsidiary will have an initial share capital of 1,00,000.
• Funding Method: The initial subscription will be made through cash, banking channels, or other approved forms.
• Management: Nipun Anantlal Bhagat, the Chairman cum Managing Director of SSMLL, will serve as the nominee shareholder and manager in the proposed company, subject to approval by concerned authorities.

Strategic Implications

This move signifies SSMLL's intent to expand its footprint in the IT and steel sectors, leveraging Dubai's strategic location and business-friendly environment. The decision to either incorporate a new subsidiary or acquire an existing company provides flexibility in SSMLL's approach to entering the Dubai market.

Regulatory Compliance

The company has ensured compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the proposal were disclosed in a board meeting held on July 28, 2025, which commenced at 07:00 PM and concluded at 07:30 PM.

Looking Ahead

While specific financial projections for the new entity are not yet available, this expansion is expected to enhance SSMLL's capabilities in IT-related services and steel operations. The move aligns with the company's strategy to diversify its business portfolio and tap into international markets.

Investors and stakeholders will be keenly watching how this expansion unfolds and its potential impact on SSMLL's overall business performance in the coming years.