Lead Reclaim And Rubber Products Limited — Important, 12-03-2025: Updates

The Board of Directors has approved the acquisition of 50% equity shares of Regrip Lead Recycling Private Limited, a newly incorporated entity in the rubber recycling industry. The shares will be acquired from Mr. Jayesh Patel, a promoter of Lead Reclaim and Rubber Products Limited, at an arm’s length price of ₹10 per share for a total of ₹50,000. Since the target company has no turnover yet, its operations are yet to commence. This strategic move aligns with the company's core business and could enhance its market presence in rubber recycling. The completion of this acquisition is expected within one month, presenting a potential growth opportunity for Lead Reclaim.