Maithan Alloys to Acquire 80% Stake in Goldtree Impex

Maithan Alloys Limited has signed an agreement to acquire 80% equity shares of Goldtree Impex Private Limited. The acquisition is valued at ₹0.02 crore and is expected to be completed by May 15, 2025. The payment will be made in cash. The company confirmed that no regulatory approvals are required for this transaction.

As of 12:12 PM on April 22, 2025, Maithan Alloys share price was trading at ₹933.35, up 1.41% for the day, but down 6.89% over the past six months and 18.85% over the past year.

Details of the Target Company

Goldtree Impex is an unlisted private company incorporated in India. It is engaged in the trading of industrial goods and has recently expanded its operations into the metal, mining, and real estate sectors. As of March 31, 2024, the company reported a turnover of ₹0.03 crore, a net loss of ₹0.01 crore, and a net worth of zero. The entity had no turnover in the financial years 2022-23 and 2023-24. Its last reported revenue was ₹0.38 crore in 2021-22.

Structure of the Acquisition

The acquisition is to allow Maithan Alloys to explore growth opportunities in sectors such as metal, mining, and real estate. Although the business activities of Goldtree Impex are not central to Maithan Alloys’ core operations, the company stated that the shares would be acquired as part of its investment portfolio. 

The transaction falls under the category of a related party acquisition. However, no direct interest from the promoter or promoter group in Goldtree Impex has been disclosed.

Compliance and Timeline

The disclosure regarding the acquisition was made under Regulation 30 of SEBI (LODR) Regulations, 2015. The agreement was executed on April 21, 2025, and the filing was submitted within the mandated 12-hour disclosure period. The acquisition is expected to be completed on or before May 15, 2025.

Read More: Maithan Alloys Diversifies Portfolio with Strategic Acquisitions in the Defence Sector!

Conclusion

Maithan Alloys is proceeding with a low-value, majority-stake acquisition of Goldtree Impex as part of its ongoing investment activity in adjacent sectors within India.

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