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TMT (India) Limited
5 articles
A significant shift in ownership is underway at TMT (India) Limited, as Yoga Builders, alongside Scaffold Properties and MDK Properties, has completed an open offer to acquire a 26% stake, ultimately increasing their total holding to 68.21% and establishing them as the new promoters. Concurrent with this acquisition, TMT India is undergoing a strategic transformation, including the acquisition of Shakti Auto Industries via a share swap and a proposed name change to Shakti Auto Industries Limited, alongside a tenfold increase in authorized share capital. These developments signal a potential refocusing of the company’s business operations and could present both opportunities and risks for investors as the new promoters reshape the company’s direction.
TMT India Board Approves AGM Notice Corrigendum
TMT India board approved a corrigendum to its AGM notice on September 21, 2026 to rectify typographical errors in Item No. 4.
Corrections specifically address equity share allotment details for Rahul
TMT India Acquires Shakti Auto via Share Swap
TMT India Limited board approved acquisition of 100% equity in Shakti Auto Industries for ₹20.5 crore via share swap.
Company proposes two preferential issues totaling 9.27 crore shares at ₹10 each to
Yoga Builders Acquires 15.4% Stake in TMT India
Yoga Builders Private Limited discloses acquisition of 7,62,990 shares (15.40%) in TMT (India) Limited through open offer tendering process.
Acquisition executed on July 27, 2026 at ₹10.00 per share f
TMT India Open Offer Completes 15.40% Acquisition
Navigant Corporate Advisors submits post-offer advertisement for TMT (India) Limited open offer completion to BSE.
Acquirers purchased 7,62,990 shares (15.40% stake) at ₹10 per share via open offer to
TMT India Open Offer for 26% at ₹10/share
Yoga Builders, Scaffold Properties, and MDK Properties launch open offer for 26% stake in TMT (India) Limited at ₹10 per share.
Offer price of ₹10 per share deemed justified by independent directors c