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Evonith Metallics merges with Wardha and Esturik

PRIVATEOct 12, 2026

Acquiring Company

Evonith Steel

Acquired Company

Wardha Steel Holdings Pte. Ltd

MaharashtraSingaporeManufacturingPrecious MetalsManufacturingMiningPrecious Metals

Description

The NCLT Chandigarh has approved the merger of Evonith Metallics Limited with Wardha Steel Holdings Pte. Ltd. and Esturik Investments Pte. Ltd. This scheme aims to consolidate ownership and simplify the corporate structure. The appointed date for the merger is set for April 1, 2026. Shareholders will receive equity shares of Evonith based on specified exchange ratios.

Company Information

Company

Evonith Steel

Location

Maharashtra, India

About

Evonith Steel is a prominent player in the steel manufacturing industry. The company focuses on producing high-quality steel products to meet industrial demands. It has a significant capacity plant in Wardha, Maharashtra. Evonith Steel aims to expand its operations and support its power requirements through strategic acquisitions.

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Frequently asked

Who acquired Wardha Steel Holdings Pte. Ltd?

Wardha Steel Holdings Pte. Ltd was acquired by Evonith Steel, based in Maharashtra. The deal was reported on October 12, 2026. Evonith Steel is a prominent player in the steel manufacturing industry. The company focuses on producing high-quality steel products to meet industrial demands. Evonith Steel is privately held and operates in Manufacturing.

When did Evonith Steel acquire Wardha Steel Holdings Pte. Ltd?

Evonith Steel's acquisition of Wardha Steel Holdings Pte. Ltd was reported on October 12, 2026. The NCLT Chandigarh has approved the merger of Evonith Metallics Limited with Wardha Steel Holdings Pte. Ltd. and Esturik Investments Pte. Ltd. This scheme aims to consolidate ownership and simplify the corporate structure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Wardha Steel Holdings Pte. Ltd do?

Wardha Steel Holdings Pte. Ltd. is a holding company based in Singapore. It holds a significant equity stake in Evonith Metallics Limited. The company was part of the merger to consolidate ownership within Evonith. It plays a key role in the group's structure. It is privately held, operating in Manufacturing, and is based in Singapore.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.