Offer Details

  • Offer Size: 23,42,295 equity shares (26.00% of equity share capital)
  • Offer Price: ₹23.85 per equity share
  • Total Consideration: ₹5,58,63,735.75 (assuming full acceptance)
  • Mode of Payment: Cash
  • Type of Offer: Mandatory triggered offer (not subject to minimum acceptance level)
  • Regulatory Basis: Triggered under Regulations 3(1) and 4 of SEBI (SAST) Regulations

Underlying Transaction

The open offer obligation was triggered by a Share Purchase Agreement dated July 30, 2026 executed among:

  • Acquirers: RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai
  • Sellers: Virat Sevantilal Shah (Seller 1) and Alok Virat Shah (Seller 2)
  • Target Company: RR MetalMakers India Limited

Transaction Details:

  • Shares Acquired: 63,65,924 equity shares (70.66% of total equity capital)
  • Consideration: ₹15,18,27,287.40 (Rupees Fifteen Crore Eighteen Lakhs Twenty Seven Thousand Two Hundred Eighty Seven and Paisa Forty Only)
  • Payment Mode: Cash

Post-Transaction Impact

Pursuant to the consummation of the transaction and subject to statutory approvals:

  • Acquirers will acquire control over the Target Company
  • Acquirers will become classified as members of the 'promoter and promoter group' under SEBI LODR Regulations
  • Sellers and other members of the Promoter Group will cease to be in control and will be reclassified from "promoter" to "public"

Acquirer Details

Acquirer 1: RB International Holdings Limited (Address: Kalamu House, 2A, Coldbath Road, 11 Square, London, London ECIR 5HL, United Kingdom)

  • Persons in control: Ashmeet Singh Kandhari, Swarn Lata Kandhari, and Harpal Singh Kandhari
  • Post-transaction holding: 55,35,924 shares (61.45%)
  • Post-open offer holding (if full acceptance): 72,78,219 shares (80.79%)

Acquirer 2: Suyog Yogesh Desai (Address: Cowgate Greenford, UB6 8HO, United Kingdom)

  • Post-transaction holding: 4,15,000 shares (4.61%)
  • Post-open offer holding (if full acceptance): 7,15,000 shares (7.94%)

Acquirer 3: Nikita Suyog Desai (Address: 11, Parambaug, Opp. Satyaraj Farm, Pipan, Sanand Bavla Highway, Pipan, Ahmedabad 382110, Gujarat, India)

  • Post-transaction holding: 4,15,000 shares (4.61%)
  • Post-open offer holding (if full acceptance): 7,15,000 shares (7.94%)

Total Combined Holdings:

  • Post-transaction: 63,65,924 shares (70.66%)
  • Post-open offer (if full acceptance): 87,08,219 shares (96.66%)

Seller Details

Virat Sevantilal Shah (Promoter Group: Yes)

  • Pre-transaction holding: 36,40,412 shares (40.41%)
  • Post-transaction holding: Nil

Alok Virat Shah (Promoter Group: Yes)

  • Pre-transaction holding: 27,25,512 shares (30.25%)
  • Post-transaction holding: Nil

Target Company Information

  • Name: RR Metalmakers India Limited
  • Exchange: BSE Limited (Scrip ID: RRMETAL, Scrip code: 531667)

Additional Terms and Conditions

  • No persons acting in concert with the Acquirers for this open offer
  • Acquirers undertake to comply with SEBI (SAST) Regulations and have adequate financial resources to meet open offer obligations
  • Firm financial arrangements have been made for financing the acquisition
  • Listing status of Target Company will be retained; no delisting offer proposed
  • Offer is not a competing offer under Regulation 20 of SEBI (SAST) Regulations
  • Detailed Public Statement (DPS) to be published within 5 Working Days from this Public Announcement

Manager to the Offer

Vivro Financial Services Private Limited (SEBI Reg. No. MB/INM000010122, CIN: U67120GJ1996PTC029182)

Address: Vivro House, 11 Shashi Colony, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad - 380007, Gujarat, India

Contact Person: Shivam Patel