Transaction Background

  • The Board of Directors had approved this investment at its meeting held on 10 November, 2025
  • The company had previously informed the exchanges about this approval via letter dated 10 November, 2025
  • The investment involves purchase and acquisition of 14,000 equity shares of OMR 1/- each
  • These shares represent 70% shareholding of Arabian Water Tech LLC based in Oman
  • The shares were held by Arabian (DIFC) SPC1 Limited and Arabian (DIFC) SPC2 Limited

Transaction Completion Details

  • The company has paid an amount equivalent to OMR 21,000 for the acquisition
  • The payment covers 14,000 equity shares of OMR 1/- each
  • The company has received the Share Certificate for these 14,000 equity shares
  • The shares have been duly transferred in the name of Electrosteel Castings Limited

Corporate Structure Impact

Consequent upon the completion of this transaction, Arabian Water Tech LLC has become a subsidiary of Electrosteel Castings Limited.