Newmalayalam Steel Limited — JV/Acquisition, 13-04-2026: Acquisition

Newmalayalam Steel has invested an additional Rs. 1.50 Cr in its subsidiary, Prime NMS Private Limited, through a rights issue. This investment boosts NMSTEEL's total stake in Prime NMS to 91.76%. Prime NMS, established in late 2025 with nil turnover, operates in steel manufacturing, processing, trading, and engineering projects like pre-fabricated structures. This move signals a strategic funding push for future growth and strengthens NMSTEEL's capabilities in the steel and related engineering sectors, preparing Prime NMS for market entry and operational scale-up.