Date: 17th October 2026
Disinvestment / Strategic Actions
The Board of Directors of Sarda Metals & Alloys Ltd. (Wholly Owned Subsidiary of Sarda Energy & Minerals Ltd.) approved the incorporation of a step-down Wholly Owned Subsidiary (WOS) in Dubai, United Arab Emirates (UAE).
Entity Details:
- Name: Yet to be incorporated
- Industry: Trading
- Purpose: Trading and distribution/selling of company's products in the Middle East region
- Ownership Structure: 100% shareholding by Sarda Metals & Alloys Ltd., making it a step-down WOS of Sarda Energy & Minerals Ltd.
Financial Details:
- Consideration: Cash investment
- Investment Cap: Initial investment in form of Equity Capital/Loan/Guarantee not exceeding ₹3 crore aggregate amount
Timeline and Approvals:
- Completion Period: 4-6 months from Board approval date (17.10.2026)
- Required Approvals: Registration and incorporation approvals from Dubai corporate regulatory authorities (DET/DED/Free Zone Authorities) and other applicable approvals in India/Dubai
Transaction Nature:
- Not considered related party transaction at incorporation stage
- Once incorporated, all transactions will be conducted on arm's length basis
Strategic Rationale:
- Expand company's business footprints in the Middle East region
- Leverage global market opportunities
Other Operational / Legal / Strategic Disclosures
The announcement was made through regulatory filing to BSE Ltd. and National Stock Exchange of India Ltd. on 17th October 2026, signed by Company Secretary Manish Sethi.
Sections Not Specified
No material disclosures under the following sections: KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes (other than WOS approval), Financial Results, Auditor's Report, Media Release/Investor Communication.