Sai Swami Metals and Alloys Ltd — Others, 28-07-2025: Others

Sai Swami Metals and Alloys has announced a board meeting where it approved a strategic move to either incorporate a wholly-owned subsidiary or acquire an existing company in Dubai, UAE. This new entity will operate exclusively in IT-related and steel business operations. The company plans a 100% initial shareholding in the proposed venture, maintaining full control over directorship and voting rights. The initial capital commitment for this new company is 1,00,000. This expansion aims to diversify SSMLL's business scope and strengthen its market presence.