Shyam Metalics and Energy Limited has acquired 100% stake in Star Metalworks Private Limited through its wholly-owned subsidiary, Shyam Sel and Power Limited (SSPL). SSPL purchased 10,000 equity shares from existing shareholders for a total consideration of ₹1,00,000. Following this transaction, Star Metalworks becomes a wholly-owned subsidiary of SSPL and a step-down subsidiary of Shyam Metalics and Energy Limited.
Stake Acquisition
Shyam Sel and Power Limited (SSPL), a wholly-owned subsidiary of Shyam Metalics and Energy Limited, has acquired 100% stake in Star Metalworks Private Limited. This acquisition was completed on October 29, 2025.
Transaction Details
SSPL purchased 10,000 equity shares of Star Metalworks, previously held by Mr. Sheetij Agarwal (6000 shares) and Mr. Shubham Agarwal (4000 shares). The total consideration for the acquisition was ₹1,00,000.
Post-Acquisition Status
Following the acquisition, Star Metalworks Private Limited has become a wholly-owned subsidiary of SSPL and, consequently, a step-down subsidiary of Shyam Metalics and Energy Limited.
Target Company Profile
Star Metalworks Private Limited, incorporated on July 20, 2022, is yet to commence its business operations. The company’s objectives include setting up manufacturing facilities for various metal and steel products.
Rationale
The acquisition falls within related party transactions. The promoter group had an interest in the entity being acquired. The transaction was conducted at arm’s length.
Source: BSE
