TMT India Ltd — Important, 01-01-1970: Company Update

Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited (the Acquirers) have announced an open offer to acquire up to 12,87,988 equity shares, representing 26.00% of TMT (India) Limited's voting share capital, at Rs. 10/- per share. The total offer consideration is approximately 1.29 Cr. This offer follows the Acquirers' agreement to purchase 52.81% of TMT (India) Limited from existing sellers, which will result in them becoming the new promoters of the company. Existing promoters will be reclassified. This provides public shareholders an opportunity to exit.