IMFAIndian Metals & Ferro Alloys Ltd.
Indian Metals & Ferro Alloys gets JRETL share allotment worth ₹25.61 crore
- Mergers & acquisitions
- ferro alloys
Reviewed byKeshav SehgalBlacklitt Research
Indian Metals & Ferro Alloys (NSE: IMFA) had 2,56,14,000 equity shares of JSW Renew Energy Twelve Limited allotted to it for an aggregate consideration of ₹25.61 crore, it said in a filing on 02 Nov 2026. The allotment is the second tranche under a Share Subscription and Shareholders' Agreement and takes the company's shareholding in JRETL to 26% of its paid-up share capital.
Key highlights
- Second tranche: 2,56,14,000 equity shares of ₹10 each
- Aggregate consideration: ₹25.61 crore
- Shareholding in JRETL after allotment: 26%
- Allotment and confirmation date: 02 Nov 2026
The allotment in numbers
| Item | Detail |
|---|---|
| Allotted by | JSW Renew Energy Twelve Limited (JRETL) |
| Shares allotted | 2,56,14,000 equity shares of ₹10 each |
| Aggregate consideration | ₹25.61 crore |
| Allotment date | 02 Nov 2026 |
| Shareholding after allotment | 26% of JRETL paid-up share capital |
Second tranche and consideration
JRETL allotted the second tranche on 2 Nov 2026, and the company received confirmation of the allotment from JRETL the same day. The consideration for the 2,56,14,000 shares is ₹25.61 crore, which works out to ₹10 a share, the face value stated in the filing.
The filing refers to an earlier letter dated September 2025 and a letter dated November 2025 on the same subject, and says the allotment was made under the Share Subscription and Shareholders' Agreement.
Stake in JRETL after the allotment
After the allotment, the company's shareholding in JRETL stands at 26% of its paid-up share capital. The filing does not give the holding before this allotment, so the size of the step in percentage terms cannot be read from the filing.
Against the company's market value of ₹5,949 crore at the 02 Nov 2026 close, the ₹25.61 crore consideration is about 0.4% of that value. In the latest quarter, Q1 FY27 on a consolidated basis, the company reported total income of ₹973.36 crore and net profit of ₹192.59 crore.
What the JRETL allotment means for Indian Metals & Ferro Alloys' shareholders
The company paid ₹25.61 crore for the second tranche of JRETL shares and now holds 26% of that company's paid-up capital. The filing does not say how the investment fits the company's business, the size of the total subscription, how many tranches are planned, or whether further tranches remain and when they fall due.
Filed with BSE on . Reference: Original filing (PDF)
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