Ram Ratna Wires Limited — Important, 18-11-2024: Agreements

The company is proceeding with its strategic acquisition of 60% of Tefabo Product Private Limited, marking Tefabo as a subsidiary. In conjunction with this acquisition, the company has entered into an unsecured loan agreement with Tefabo, providing financial assistance of Rs. 10 crores (Rupees Ten Crores only). This funding is intended to support Tefabo's business activities and facilitate repayment agreements established within the Share Purchase Agreement. The transaction is classified as a related party transaction, executed at arm's length, reinforcing the company's commitment to maintaining transparency in its financial dealings. Investors should monitor this development closely as it reflects both the company's expansion strategies and the financial health of its newly acquired subsidiary.