In a significant move, OM Infra Limited (formerly OM Metals Infraprojects Limited) has announced the sale of its 50% equity stake in Ultrawave Projects Private Limited, a step-down associate. The transaction was executed through a Sale Agreement between High Terrace Realty Private Limited, a wholly-owned subsidiary of OM Infra, and Jupiter Metal Pvt. Ltd., the buyer.

The sale involves the transfer of 5000 equity shares, each with a face value of Rs. 10, held by OM Infra in Ultrawave Projects Private Limited. The shares were sold at a price of Rs. 3030 per share, amounting to a total consideration of Rs. 1,51,50,000 (Rs. One Crore Fifty-One Lakhs Fifty Thousand). Following this sale, Ultrawave Projects will cease to be an associate of High Terrace Realty and, by extension, will no longer be a step-down associate of OM Infra.

Details of the Transaction

The details of the sale are as follows:

• Date of Agreement: The sale agreement was entered into on 18th March 2025.
• Completion Date: The expected date for the completion of the transaction is 21st March 2025.
• Transaction Amount: The total consideration received for the sale is Rs. 1,51,50,000.
• Buyer: The buyer in this transaction is Jupiter Metal Pvt. Ltd., a company registered under the CIN U27100RJ1978PTC029026, with its registered office located in Jaipur, Rajasthan.

Regulatory Compliance

This transaction falls under the category of a related party transaction, as Jupiter Metal Pvt. Ltd. belongs to the promoter group of OM Infra Limited. However, the transaction has been conducted at arm’s length, meaning the sale price is the same as would have been agreed upon in a transaction with a non-related party, ensuring fairness and transparency in the process.

As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided all necessary disclosures regarding this transaction. These include the details of the agreement, the amount of consideration, and the identity of the buyer. There are no compliance issues with Regulation 37A of the LODR Regulations, and the transaction is not part of a larger scheme of arrangement.

Future Outlook

With this transaction, OM Infra Limited has divested its interest in Ultrawave Projects Private Limited, thereby concluding its association with the company. This move aligns with the company’s ongoing efforts to streamline its business and focus on core operations. The proceeds from this sale are expected to further strengthen OM Infra’s financial position as it continues to explore new growth avenues in the infrastructure and real estate sectors.

Conclusion

The sale of the 50% equity stake in Ultrawave Projects to Jupiter Metal Pvt. Ltd. marks a pivotal step in OM Infra Limited’s corporate strategy. By terminating its association with Ultrawave Projects, the company is positioning itself for future growth and stability, ensuring that its operations remain aligned with its broader goals of expanding its infrastructure and real estate portfolio.

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