VR Wood Art Accelerates Expansion with Rs 40.63 Crore Fund raised,

and Full Acquisition of Steel Trading Firms

Mumbai, VR Wood Art Limited is charting an ambitious growth trajectory by raising Rs 40.63 crore through a preferential issue and acquiring two high-revenue steel trading companies, a move designed to transform the company’s scale and business profile.

Proceeds from the issue will primarily fund working capital, growth initiatives, and the planned acquisitions.

Strategic Acquisition of Steel Trading Entities

In a parallel development, VR Wood Art is set to acquire 100% stakes in Nidimo Mont and Parent Mont International, turning them into wholly owned subsidiaries. Both entities operate in the steel trading space, supplying:

– Stainless steel tubes
– Bars
– Plates
– Coils
– Corrugated steel boards

The duo collectively posted a combined turnover of Rs 2,496 crore, underscoring their established market footprint and revenue-generating capability. The acquisition is expected to:

– Diversify VR Wood Art’s revenue streams
– Unlock operational synergies
– Significantly enhance consolidated financial performance

A New Chapter for the Listed Entity

With the capital raise and acquisitions aligned, VR Wood Art is positioning itself as a multi-vertical player with strengthened promoter backing and a robust steel trading arm. Market observers anticipate improved earnings visibility and expanded investor interest following these transactions.