RR MetalMakers India Ltd Completes Sale of Gujarat Undertaking to Ojas Ecopower Limited
RR MetalMakers India Limited has completed the sale of its undertaking/plant located in Gujarat. The sale of the unit, situated at Survey. No. 36, Nr. Navavas Village, Dehgam -Dhansura Road, Tal: Talod, Dist.: Sabarkantha, Gujarat, was finalized on April 16, 2026.The transaction was initiated through a previously executed Memorandum of Understanding (MOU) with Ojas Ecopower Limited, Ahmedabad.
The company announced that the total consideration received from the disposal amounts to Rs. 2.65 crores plus applicable taxes.
Transaction Details
The sale involves the disposal of the unit to Ojas Ecopower Limited, which operates from Flat No.23, 3 rd Floor, Sarthik Complex, Satellite Road, Near Iscon Mega Mall, Ahmedabad, Gujarat 380 015. The transaction is not with a related party, nor is it considered a slump sale.The sale/disposal of the undertaking is also confirmed to be outside the company's Scheme of Arrangement.
Financial Contribution Metrics
The financial details regarding the unit's contribution to the company’s overall operations were reported on a standalone basis as of March 31, 2025.| Metric | Particulars | Amount (Rs. in crores) | Contribution % |
|---|---|---|---|
| Turnover | Overall | 52.50 | |
| Turnover | Gujarat Unit | 3.52 | 6.70% |
| Net Worth Contribution | Overall | 8.39 | |
| Net Worth Contribution | Gujarat Unit | -5.30 | N.A.* |
*Note: The percentage contribution in the overall Net worth of the Company cannot be established due to the unit having a negative net worth.
Timelines
The company had initially entered into the MOU with Ojas Ecopower Limited on March 13, 2026, preceding the completion of the sale on April 16, 2026.Stock Price Movement
At the close of trade today, RR MetalMakers India Ltd settled at ₹28.85, finishing down 1.33% for the day. The shares moved throughout the session, registering a low of ₹28.60 but hitting an intraday high of ₹29.99.Source:
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