Sharvaya Metals

Sharvaya Metals' board on 14 October approved the acquisition of all 2,00,000 shares of Success Electronics Private Limited for Rs 30.24 crore through a swap of 21,00,000 equity shares priced at Rs 144 each. The board also approved a preferential issue of 8,11,000 convertible warrants at Rs 144 each to raise Rs 11.68 crore from promoter-group allottees and one public investor, alongside an increase in authorised share capital and the convening of an extraordinary general meeting. Success Electronics manufactured aluminium high-pressure die-cast components on 218-tonne and 418-tonne machines for electric vehicles and automotive customers and reported revenue of Rs 10.36 crore with profit after tax of Rs 1.01 crore in 2025-26. Sharvaya reported revenue of Rs 230 crore in the year to March, with electric-vehicle battery housings accounting for about a quarter of sales. The company operated from a single plant at Bhalwani and commissioned a 10-inch aluminium extrusion press on 5 October. It listed on the BSE SME platform in September 2025 with 30 lakh shares at Rs 196, leaving promoter Shreyans Katariya with a 54.75% stake.

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Sharvaya Metals scheduled a board meeting for 14 October 2026 to consider an increase in authorised share capital, a preferential issue of shares, warrants or convertible securities, and the acquisition of an entity. The agenda also included fixing the date for an extraordinary general meeting and appointing a scrutinizer and remote e-voting agency for the vote. The company listed on the BSE SME platform in September 2025 with an issue of 30 lakh shares at Rs 196, comprising a fresh issue of 25 lakh shares and an offer for sale of 5 lakh shares. Revenue was about Rs 230 crore in the year to March 2026, with aluminium alloyed ingots and processed scrap at about 57% and EV battery housings at about 25.5%. The company operated from a single manufacturing unit at Bhalwani and commissioned a 10-inch aluminium extrusion press on 5 October 2026.

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Sharvaya Metals commissioned a new aluminium extrusion facility anchored by a 10-inch billet press at its Ahilyanagar plant, formally inaugurated on 5 October 2026. The line integrated billet heating, extrusion handling, online quenching, puller and stretcher systems, ageing facilities and process controls for high-strength precision extrusions for defence, aerospace, railways, automotive and electric vehicle applications. Revenue was about ₹230 crore in the year to March 2026, with EV battery housings at about 25.5% and extrusion dies at about 7% as the mix shifted from alloyed ingots. The company operated a single manufacturing unit in Ahilyanagar with extrusion capacity of 10,000 tonnes per annum and EV components capacity of 2,000 tonnes per annum. Plant and machinery spend of ₹25.5 crore from IPO proceeds was under deployment, with capital work in progress of ₹1.63 crore and ₹19.8 crore of proceeds held in fixed deposits at the end of March 2026.

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