Ram Ratna Wires Limited has announced a board meeting to approve the financial results for the quarter and half-year.

The company completed acquiring an additional 4% stake in its subsidiary, Tefabo Product Private Limited, increasing its holding to 64%. The purchase was made from Mr. Anup Balkrishna Vaidya, who retains 36%. The transaction, a related party deal, was approved by the Audit Committee and Board and conducted at an arm’s length price.

No new special rights were acquired with this stake increase.