VR Woodart Ltd — Important, 16-10-2025: Company Update

VR Woodart has approved the acquisition of 100% stakes in Nidimo Mont Private Limited and Parent Mont International Private Limited for a total cash consideration of INR 3.20 crore, making them wholly-owned subsidiaries. This strategic move will expand VR Woodart's customer base and product offerings in stainless steel and alloys. The acquired entities have recently taken over businesses with substantial prior-year turnovers: Nidimo International reported INR 531.22 crore and Parent Mont reported INR 1965.33 crore for the financial year ending March 2025. This acquisition aims to secure continuous supply and enhance competitive advantage in the market.