Newmalayalam Steel Makes Further Investment in Subsidiary Prime NMS Private Limited
Newmalayalam Steel Limited has made a further investment into its subsidiary, M/s. Prime NMS Private Limited. The investment was structured through a rights issue involving the allotment of 1,50,000 Equity Shares, at par.The total investment amount stands at Rs. 1,50,00,000. This transaction represents a cash consideration, marking a significant financial commitment by the parent company to its subsidiary.
Prime NMS Private Limited is a company engaged across various metal processing activities. Its business scope includes manufacturing, processing, trading, importing, and exporting of steel, alloys, and all types of ferrous and non-ferrous metals and related products. The subsidiary also specializes in pre-fabricated and pre-engineered steel structures, roofing systems, panels, and allied accessories, undertaking turnkey industrial and commercial projects. Furthermore, it functions as a manufacturer, trader, supplier, contractor, and distributor in metal and steel products, including construction and civil engineering machinery and equipment. Prime NMS Private Limited was incorporated on November 07, 2025, and the company currently has nil turnover.
The investment transaction involves M/s. Prime NMS Private Limited, which is classified as a related party of the parent company. The company confirmed that the transaction falls within the ambit of related party transactions and was conducted at arm's length.
The financial and ownership details of the investment are summarized below:
| Detail | Value |
|---|---|
| Target Entity | M/s. Prime NMS Private Limited |
| Investment Amount | Rs. 1,50,00,000 |
| Shares Allotted | 1,50,000 Equity Shares of Rs. 100 each |
| Consideration Type | Cash Consideration |
| Date of Allotment | 13/04/2026 |
| Resulting Shareholding | 91.76% of the total shareholding |
Following this infusion, the accumulated shareholding of the company in Prime NMS Private Limited stands at 91.76% of the total shareholding.
Newmalayalam Steel Limited, formerly known as Newmalayalam Steel Private Limited, is committed to various metal processing activities including casting, moulding, fabrication, and finishing.
NMSTEEL Stock Price Movement
Today, Newmalayalam Steel Limited shares edged higher to close at ₹24.00, capturing a 0.42% gain. The stock settled on a volume of 8,000 shares during trading today.Source:
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