TMT India Approves Shakti Auto Acquisition And ₹92.67 Crore Preferential Share Issue

Board approved 100% acquisition of Shakti Auto Industries for Rs 20.5 Cr via share swap, plus preferential cash issue of up to Rs 72.2 Cr at Rs 10/share. The transaction shifts TMT into aluminium recycling and auto supply; target has 60,000-ton capacity and FY26 turnover of Rs 545.5 Cr. Potentially substantial dilution, including promoter allotments; valuation and target profitability are undisclosed. Approvals pending; borrowing limits raised to Rs 500 Cr.