Rajputana Industries Approves Committee to Explore Scheme of Amalgamation with Shera Energy and Shera Metal
The Board of Directors of Rajputana Industries Limited (RIL) has given in-principle consent to explore a proposed Scheme of Amalgamation involving RIL, its Holding Company, Shera Energy Limited, and Shera Metal Private Limited. This decision followed a meeting held on Tuesday, July 28, 2026.The company's board considered the proposal received from its holding company concerning the potential amalgamation of the three entities. The Board expressed its in-principle consent to evaluate the feasibility of the proposed Scheme from Rajputana Industries Limited’s perspective.
In response to this review, the company approved the constitution of a specialized Committee of Directors. This committee has been mandated to lead the evaluation process for the proposed merger.
The purpose of the appointed Committee is comprehensive, encompassing the evaluation of the scheme's feasibility and coordinating efforts among the involved companies. The committee will be responsible for appointing necessary professional advisors and undertaking detailed due diligence related to the amalgamation proposal. Its responsibilities also include liaising with regulatory authorities prior to placing its recommendations before the Board for further consideration.
RAJINDLTD Stock Price Movement
Rajputana Industries Limited shares today settled at ₹71.85 after trading concluded, registering no change in price. The stock maintained complete stability during the session, closing flat on the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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