Barak Valley Cements Acquires Shares of Meghalaya Minerals and Mines Limited Through Loan Conversion
Barak Valley Cements Limited has announced the acquisition of an additional 7,06,500 equity shares in Meghalaya Minerals and Mines Limited. The transaction, which involved the wholly owned subsidiary, was executed through a preferential allotment resulting from the conversion of an outstanding loan.The details confirm that the conversion was made on 31st March 2026. The total outstanding loan amounting to ₹4,09,77,000 was converted into 7,06,500 fully paid up equity shares, which have a face value of Rs 10/-. The shares were allotted at a price of ₹58/- per share, which includes a share premium of ₹48/- per share.
The acquisition strengthens Barak Valley Cements’ stake in Meghalaya Minerals and Mines Limited. The company remains the promoter entity for both organizations.
Operational Overview of Meghalaya Minerals and Mines Limited
Meghalaya Minerals and Mines Limited operates in the Mineral Mining industry. The company's core business involves purchasing or taking on lease mining rights, and carrying out mining operations for metallic or mineral substances.Financial details and operational metrics for the subsidiary are summarized below:
| Metric | Value (as on 31st March 2025) |
|---|---|
| Asset Size | Rs 15,42,49,000/- |
| Turnover | Rs 4,68,55,000/ |
The company’s historical turnover data over the last three years is provided in the table below:
| Year | Turnover (Rs in lakhs) |
|---|---|
| 2024-25 | 468.55 |
| 2023-24 | 627.95 |
| 2022-23 | 1759.68 |
BVCL Stock Price Movement
Today, Barak Valley Cements Limited shares rallied to close at ₹43.03, concluding the session with a strong gain of 2.72%. The stock saw robust participation in the market, with a total volume of 21,920 shares traded throughout the day.Source:
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