Ador Welding Limited — Important, 27-12-2024: Updates

Ador Welding Limited has successfully compensated shareholders of the erstwhile Ador Fontech Limited who were eligible for fractional shares under the Scheme of Amalgamation with Ador Welding. The Audit Committee and Independent Directors confirmed this distribution process. In total, 38,04,348 equity shares were allotted at a ratio of 5:46 (Ador Welding to Ador Fontech shares), ensuring that shareholders received their due entitlements. Following the consolidation of fractional shares, the Trustee sold 7,898 equity shares over two days, yielding average sale prices of INR 1,150 and INR 1,184 per share. After deductions, net proceeds of approximately INR 4.54 crore and INR 4.67 crore were distributed proportionately to eligible shareholders. Strong compliance with regulations reflects positively on Ador Welding's governance and shareholder value creation. Investors should view this as a solid outcome of the amalgamation strategy, indicating operational efficiency and commitment to shareholder rights.