Sai Swami Metals Streamlines Strategy with Divestment Decision

Sai Swami Metals sharpens focus with divestment decision  
Sai Swami Metals and Alloys Ltd (SAIW.BO), an Ahmedabad-based stainless steel products company, has announced board approval for the divestment of Bhagat Marketing Pvt Ltd, one of its subsidiaries. Bhagat Marketing, along with Dhruvish Metals LLP, has been engaged in trading stainless steel kitchenware and allied products under the Dolphin brand.  

The divestment reflects the company’s intent to consolidate resources and strengthen its primary business in stainless steel sheets, utensils, and raw materials. Sai Swami Metals, which transitioned from a private to a public limited entity in 2023, has been actively restructuring to improve efficiency and enhance shareholder value. The decision is expected to provide liquidity, reduce operational complexities, and allow management to channel investments into growth areas.  

Important points  

• Board approves divestment of Bhagat Marketing Pvt Ltd  
• Part of restructuring strategy to streamline operations and unlock value  
• Company to focus on core stainless steel trading and manufacturing  
• Bhagat Marketing was engaged in kitchenware and allied products under Dolphin brand  
• Move expected to improve efficiency and strengthen financial position  

Sources: Moneycontrol, ANI News, InvestorZone