In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of TMT (India) Limited at their meeting held on September 05, 2026, approved multiple significant corporate actions.

Key Board Approvals

1. Authorized Share Capital Increase

  • Approved proposal to increase authorized share capital from ₹10,00,00,000 (Rupees Ten Crore) divided into 1,00,00,000 Equity Shares of ₹10 each to ₹100,00,00,000 (Rupees One Hundred Crore) divided into 10,00,00,000 Equity Shares of ₹10 each
  • Subject to shareholder approval

2. Acquisition of Shakti Auto Industries Private Limited

  • Approved acquisition of 100% equity share capital of Shakti Auto Industries Private Limited (SAIPL)
  • Total consideration: ₹20,50,00,000/- (Rupees Twenty Crore Fifty Lakhs)
  • Consideration discharged through issuance of up to 2,05,00,000 Equity Shares of ₹10 each at issue price of ₹10 per share
  • Transaction expected to be completed within 3 months, subject to completion of condition precedents
  • Not a related party transaction

Target Company Details (Shakti Auto Industries Private Limited)

  • Incorporated: December 09, 2016
  • Business: Leading recycling company specializing in manufacturing high-quality aluminium alloys using aluminium scrap
  • Annual production capacity: 60,000 metric tons of aluminium alloy ingots and molten metal
  • Operational facility: 8-acre facility at Takve, Pune with integrated scrap storage and advanced sorting facilities
  • Financial Performance (Standalone Turnover):
  • FY 2025-26: ₹54,551.07 Lakhs
  • FY 2024-25: ₹44,439.87 Lakhs
  • FY 2023-24: ₹39,730 Lakhs
  • Country of presence: India

3. Preferential Issue - Share Swap (Annexure II)

  • Approved issuance of up to 2,05,00,000 Equity Shares of ₹10 each at ₹10 per share
  • Aggregate consideration: ₹20,50,00,000
  • To shareholders of Selling Company (non-promoter category)
  • Subject to shareholder and stock exchange approval

Allottees for Share Swap:

  • Shakti Tiwari (Promoter Group): 1,47,29,250 shares (15.09% post-issue)
  • Rupam Tiwari (Promoter Group): 47,45,750 shares (4.86% post-issue)
  • Amrendra Kumar Tiwari (Promoter Group): 10,25,000 shares (1.05% post-issue)

4. Preferential Issue - Cash Consideration (Annexure III)

  • Approved issuance of up to 7,21,65,000 Equity Shares of ₹10 each at ₹10 per share
  • Aggregate consideration: ₹72,16,50,000
  • To persons forming part of Promoter, Promoter group, Non-Promoter Public Category
  • Subject to shareholder and stock exchange approval

Major Allottees for Cash Issue:

  • Yoga Builders Private Limited (Promoter): 1,70,00,000 shares (19.41% post-issue)
  • Scaffold Properties Private Limited (Promoter): 1,05,00,000 shares (11.49% post-issue)
  • Dk Web Technologies Private Limited (Promoter Group): 1,00,00,000 shares (10.24% post-issue)
  • Bkc Properties Private Limited (Promoter Group): 1,00,00,000 shares (10.24% post-issue)
  • Genext Hardware & Parks Private Limited (Non-Promoter): 89,00,000 shares (9.12% post-issue)
  • Vivek Lakshminath Mehrotra (Non-Promoter): 55,40,000 shares (5.68% post-issue)

5. Constitutional Changes

  • Approved alteration of Memorandum of Association and Articles of Association to reflect increased authorized share capital
  • Approved adoption of new set of Articles of Association
  • Approved alteration of Main Object Clause of Memorandum of Association
  • All subject to shareholder approval

6. Borrowing Limits Enhancement

  • Approved enhancement of borrowing limits up to ₹500 Crores pursuant to Section 180(1)(c) of Companies Act, 2013
  • Approved increasing limits for creation of charge/mortgage/hypothecation on assets up to ₹500 Crores pursuant to Section 180(1)(a)
  • Subject to shareholder approval

7. Corporate Identity Changes

  • Approved change of company name from "TMT INDIA LIMITED" to "SHAKTI AUTO INDUSTRIES LIMITED"
  • Subject to MCA name availability approval under section 4(5) and shareholder approval
  • Approved shifting of Registered Office from Telangana to Maharashtra
  • Subject to shareholder and statutory approvals

8. Annual General Meeting

  • Approved draft Notice for convening AGM
  • Fixed AGM date: Wednesday, 30th September 2026 at 3:00 PM (IST)
  • Venue: 1st Floor, Punnaiah Plaza, Road No.2, Banjara Hills, Hyderabad, through VC/OAVM
  • Approved Calendar of Events for 49th AGM
  • Approved Annual Report for Financial Year 2025-26
  • Closure of Register of Members & Share Transfer Books: September 24, 2026 to September 30, 2026 (both days inclusive)

Meeting Details

Board meeting commenced at 7:30 PM (IST) and concluded at 9:30 PM (IST) on September 05, 2026.

All proposals requiring shareholder approval will be placed before the Annual General Meeting scheduled for September 30, 2026.

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