Ratnamani Metals acquires full ownership of Swiss subsidiary

Ratnamani Metals & Tubes Limited (RMTL) announced the acquisition of an additional 40,000 shares of €10 each in Ratnamani Trade EU AG, Luzern, Switzerland, from Technoenergy AG for €400,000. This transaction increases RMTL’s holding to 100%, making Ratnamani Trade EU AG a wholly-owned subsidiary.

This acquisition follows previous intimations, including the initial formation of Ratnamani Trade EU AG as a joint venture. RMTL subscribed to 60,000 shares on December 18, 2024, constituting 60% of the subsidiary's capital. The latest purchase, completed on September 24, 2025, finalizes the complete ownership transfer.

Ratnamani Trade EU AG, incorporated on December 14, 2023, acts as an exclusive trading house for stainless steel products in Europe, with a share capital of €1,000,000. Its turnover for 2024-25 was €8,633,485.29, and for the first quarter of 2025-26, it recorded €2,662,381.20. The acquisition aims to enhance RMTL’s market presence and customer service in Europe.