Ram Ratna Wires has informed that in furtherance to the earlier intimations dated October 14, 2024, and November 07, 2024, regarding the approval by the Board of Directors for the acquisition of 60% of the paid-up share capital of Tefabo Product (Tefabo) and the execution of the Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) in connection with the acquisition of Tefabo, resulting Tefabo becoming a subsidiary of the Company. In view of the aforementioned acquisition, and pursuant to the conditions as outlined in the SPA, the Company has entered into a loan agreement with Tefabo, the subsidiary company on November 18, 2024 for granting unsecured loan amounting to Rs 10 crores (Rupees Ten Crores only). The details regarding the loan agreement as required pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (the SEBI Circulars), are enclosed as Annexure I.
The above information is a part of company’s filings submitted to BSE.
