Ram Ratna Wires Limited — Important, 07-11-2024: Agreements

Ram Ratna Wires Limited has completed the acquisition of a 60% stake in Tefabo Product Private Limited, making it a subsidiary. The agreements for this acquisition were formalized on November 7, 2024. The company will nominate two directors to Tefabo’s Board, which will include the current stakeholder, Mr. Anup Balkrishna Vaidya. The transaction has been approved by the Audit Committee and Board, and is classified as partially related to party transactions.