Ratnamani Metals & Tubes Limited (RMTL) has finalized the acquisition of the remaining 40% stake in its Swiss subsidiary, Ratnamani Trade EU AG, transforming it into a wholly-owned subsidiary. The transaction, completed on September 24, 2025, involved the purchase of 40,000 shares at 10 Euros each, totaling 400,000 Euros from Technoenergy AG, Switzerland.

Acquisition Details

• Subsidiary: Ratnamani Trade EU AG, Luzern, Switzerland
• Shares Acquired: 40,000 shares
• Price per Share: 10 Euros
• Total Transaction Value: 400,000 Euros
• Completion Date: September 24, 2025

About Ratnamani Trade EU AG

Ratnamani Trade EU AG serves as an exclusive trading house for importing and distributing stainless steel products manufactured by RMTL in Europe. The subsidiary aims to enhance RMTL's local presence, branding, and customer service in the European market.

• Incorporation Date: December 14, 2023
• Share Capital: 1,000,000 Euros

Financial Performance

Ratnamani Trade EU AG has shown significant growth since its inception:

Transaction Classification

The acquisition is classified as a related party transaction, as Technoenergy AG is a joint venture partner in another RMTL subsidiary, Ratnamani Finow Spooling Solutions Private Limited, holding a 49% stake.

Strategic Implications

RMTL's decision to acquire the remaining stake in Ratnamani Trade EU AG aligns with its long-term interests and commercial strategy. By making the Swiss entity a wholly-owned subsidiary, RMTL aims to strengthen its control over European distribution operations and potentially enhance its market position in the region.

The acquisition is expected to support RMTL's objectives of developing a stronger local presence, improving branding, and providing superior service to European customers. Additionally, maintaining stock of key products in Europe will enable RMTL to meet faster delivery commitments in the market.

As per the regulatory filing, RMTL completed the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring transparency in the acquisition process.

Ratnamani Metals & Tubes Limited (RMTL) has fine-tuned its shareholding in its subsidiary, Ravi Technoforge Private Limited (RTL), to 75% through a strategic rights issue subscription. This move comes as part of a broader restructuring of the company's investment in RTL, as detailed in a recent regulatory filing.

Rights Issue Subscription

RMTL subscribed to 30,48,669 equity shares of RTL at Rs. 100 per share, which includes a premium of Rs. 90 per share. This investment totals Rs. 30.49 crores and adjusts RMTL's stake from its previous 80.02% to the current 75%.

Master Amendment Agreement

The stake adjustment follows a Master Amendment Agreement that caps Ratnamani's maximum stake at 75% while ensuring existing shareholders maintain at least 25% ownership. This agreement modifies the terms of previous Share Subscription cum Purchase and Shareholders' Agreements dated October 5, 2022.

Previous Acquisitions

RMTL's journey with RTL began with earlier acquisitions:

• October 2022: Initial acquisition of 53% stake
• August 2024: Further acquisition, bringing the total stake to 80.02%

About Ravi Technoforge

Ravi Technoforge Private Limited, based in Rajkot, Gujarat, is a leading manufacturer of high-precision forged and turned bearing rings, gear blanks, and similar components for industrial and mobility applications. Key details include:

• Incorporation: February 22, 1990
• Manufacturing Capacity: 39,000 MTPA
• Product Range: Rings from 40mm to 400mm, with unit weights up to 25 kgs
• Approvals: Over 1,600 part approvals across various bearing types

Financial Performance

RTL's financial performance showcases its strong market position:

Strategic Implications

This stake adjustment reflects RMTL's long-term strategic interest in RTL while allowing existing shareholders to increase their stake, demonstrating confidence in RTL's ongoing business operations. The move is expected to strengthen RMTL's position in the precision components manufacturing sector while maintaining a balanced ownership structure with the existing shareholders.

The transaction, conducted at arm's length and based on a valuation report from a merchant banker, underscores RMTL's commitment to transparent and fair business practices in its subsidiary operations.