TMT India Ltd — Important, 05-09-2026: Company Update

TMT India Limited has announced a board meeting. The company plans to increase its authorised share capital to Rs. 100 crore. A key development is the approval to acquire 100% of Shakti Auto Industries Private Limited, a recycling company specializing in aluminium alloys with a turnover of Rs. 54.55 crore for FY2025-26. The company also approved preferential issuances of equity shares and a proposal to change its name to "Shakti Auto Industries Limited". Shareholder approval is required for these proposals.