Sharvaya Metals To Acquire Success Electronics For ₹30 Crore Via Swap

Board approved 100% acquisition of Success Electronics for 30.24 Cr via 21L shares at Rs144 on swap ratio 2:21 and 8.11L warrants at Rs144 for 11.68 Cr; authorised capital hike and EGM called. First inorganic move after single-plant organic expansion and recent press commissioning; adds HPDC capability to extrusion and EV housing platform. Related-party deal with promoter on both sides. Non-cash swap preserves cash but materially expands equity; target small but profitable and debt-free with 900T expansion planned. Needs shareholder and exchange nod; warrant terms 25% upfront.