Shera Energy Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The board of directors of Shera Energy Limited has approved further investment in its subsidiary, Shera Metal Private Limited, increasing its shareholding from 82.13% to 85.56%. The acquisition will involve a cash consideration of ₹10.15 crore and is expected to be completed within a month. Shera Metal, incorporated in 2011, specializes in manufacturing non-ferrous metal products with a turnover of ₹294.43 crore in the last fiscal year. This strategic move aims to strengthen the company’s position in the non-ferrous metal sector.