Rajkamal Synthetics Limited has approved subscription of equity shares in Indoframe Industries Private Limited, acquiring 51% stake through cash consideration. The move aims to expand operations and diversify into iron and steel fabrication, with completion expected within the current financial year.
Rajkamal Synthetics Limited has announced that its Board of Directors, in the meeting held on Friday, January 02, 2026, approved an investment in its subsidiary Indoframe Industries Private Limited. The company will acquire a majority stake to strengthen its presence in the iron and steel fabrication sector.
The Company has taken a decisive step toward expansion by investing in Indoframe Industries Private Limited, a Jaipur-based company engaged in manufacturing and fabrication of iron and steel structures.
Key Highlights
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The Board approved subscription of 15,35,100 equity shares at Rs. 10 each
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This represents 51% of Indoframe’s post-issue paid-up capital of 30,10,000 shares
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The acquisition will be completed within the current financial year
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Transaction is structured through cash consideration, not a share swap
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No related party transactions are involved in this acquisition
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Indoframe Industries operates in iron and steel fabrication, incorporated under the Companies Act, 2013
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The investment is aimed at expanding Rajkamal Synthetics’ business operations through internal fund generation
Sources: Company filing with Bombay Stock Exchange (BSE), Rajkamal Synthetics Limited corporate announcement