VR Woodart Expands into Stainless Steel Trading with Strategic Acquisitions

V R Woodart Limited, a company listed on the Bombay Stock Exchange (BSE: 523888), has announced a significant move into the stainless steel trading sector through strategic acquisitions. The company's board of directors has approved the purchase of 100% stakes in two companies: Nidimo Mont Private Limited and Parent Mont International Private Limited.

Acquisition Details

Aspect	Details
Total Acquisition Cost	Approximately INR 3.20 crores
Nidimo Mont Pvt Ltd	INR 3.10 crores for 31 lakh equity shares
Parent Mont International Pvt Ltd	INR 0.10 lakhs for 1 lakh equity shares
Share Price	INR 10.00 per share (face value)
Sellers	Mrs. Minal Patil and Ms. Mounika Maddukuri
Completion Timeline	By end of Q3 FY 2025-26
Funding Method	Cash consideration

Strategic Rationale

The acquisition aims to strengthen V R Woodart's position in the stainless steel market. Both target companies are engaged in trading, import, and export of stainless steel products and alloys. This move is expected to:

Increase V R Woodart's customer base
Introduce new products for sales
Ensure continuous supply of stainless steel at market-driven rates
Gain a competitive advantage in the stainless steel and alloy market

Business Transfer Agreements

Both acquired entities have entered into business transfer agreements with established partnership firms:

Nidimo Mont Pvt Ltd with Nidimo International (FY 2025 turnover: INR 531.22 crores)
Parent Mont International Pvt Ltd with Parent Mont (FY 2025 turnover: INR 1965.33 crores)

Related Party Transaction

The acquisition is classified as a related party transaction. Mrs. Minal Patil and Ms. Maddukuri Mounica, the current owners of the acquired companies, will be reclassified as part of V R Woodart's promoter group. The company has stated that the transaction is being conducted at arm's length, with the share price based on a valuation report from a registered valuer.

Management Changes

Concurrent with this acquisition, V R Woodart has announced significant changes in its management structure:

Director	Position	Action
Mr. Anwar Shaikh	Whole-Time Director	Resigned
Mrs. Divya Pai	Non-Executive Director	Resigned
Mr. Kartik Jethwa	Independent Director	Resigned
Mr. Manan Shah	Independent Director	Resigned
Mr. Vinit Rathod	Independent Director	Resigned
Mrs. Minal Patil	Additional (Whole Time) Director & Chairperson	Appointed

These management changes, effective immediately from October 16, 2025, mark a significant shift in the company's leadership coinciding with its strategic expansion into the stainless steel sector.

The acquisitions and management restructuring signal a transformative phase for V R Woodart as it diversifies its business interests and positions itself for growth in the stainless steel market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+10.83%	+9.25%	+30.31%	+775.79%	+731.23%

V R Woodart Limited , a company listed on the Bombay Stock Exchange (BSE: 523888), has announced significant changes to its leadership team, effective October 15, 2025. The board of directors has approved several key appointments and a resignation, marking a substantial shift in the company's management structure.

New Appointments

The company has made the following appointments:

Position	Appointee	Background
Additional Director (Whole-Time) & Chairperson	Mrs. Minal Patil	Over 6 years of experience in international trade and business management
Additional Director (Whole-Time)	Ms. Maddukuri Mounika	Skilled in digital marketing and analytics
Additional Director (Independent)	Mrs. Madhura Singh	Company Secretary with over 12 years of corporate governance experience
Additional Director (Independent)	Mr. Manish Jhanwar	Chartered Accountant with extensive audit and financial advisory experience
Chief Financial Officer	Mr. Suhas Deore	Over 17 years of finance experience across various sectors

All director appointments are subject to shareholder approval and are proposed for a five-year term, from October 15, 2025, to October 14, 2030.

Resignation

The company also announced the resignation of Mr. Sudesh Pingale from the position of Chief Financial Officer, effective from the closing business hours of October 14, 2025.

Key Details of New Appointees

Mrs. Minal Patil

Holds degrees in Law (LL.B, LL.M) and Science (B.Sc. Zoology). She specializes in export-import operations, marketing strategy, and global trade compliance.

Ms. Maddukuri Mounika

Has a strong academic foundation in Computer Science Engineering (B. Tech) and a Post Graduate Program in Management (PGPM).

Mrs. Madhura Singh

A Company Secretary (FCS) and Law Graduate (LL.B., LL.M.) with expertise in regulatory compliance and ethical governance practices.

Mr. Manish Jhanwar

Experienced in SME consultancy, financial advisory, debt structuring, and domestic taxation. He also serves as an Independent Director on the boards of Vippy Spinpro Limited and Highstreet Filatex Limited.

Mr. Suhas Deore

A seasoned finance professional with experience in accounting, taxation, financial control, and ERP implementation across various industries.

It's worth noting that Mrs. Minal Patil and Ms. Maddukuri Mounika will be re-classified as Promoters of the Company following the completion of an Open Offer.

These appointments represent a significant refresh of V R Woodart's leadership team, potentially signaling a new direction for the company's strategy and operations. Shareholders and market observers will likely be watching closely to see how these changes impact the company's performance and direction in the coming years.