Emkay Tools Ltd

Past performance
Performance overview
About Emkay Tools Ltd Emkay Tools Limited (ETL) is a specialized manufacturer in the threading taps and cutting tools sector. Incorporated on April 25, 2023, as a wholly owned subsidiary of Emkay Taps and Cutting Tools Limited (ETCTL), the company commenced operations on May 23, 2023. It became an independent entity following a strategic demerger from its parent company, which took effect on April 1, 2024, under a Scheme of Arrangement approved by the Board and National Company Law Tribunal (NCLT). The demerger involved transferring ETCTL's threading taps and cutting tools manufacturing business to Emkay Tools Limited as a going concern. As part of the arrangement, shareholders of ETCTL were allotted equity shares of ETL in a 1:1 ratio, receiving 1 fully paid-up equity share of ETL (face value of Re 1) for every fully paid-up equity share of ETCTL (face value of Rs 10). This restructuring was formalized on November 19, 2024, upon filing with the Registrar of Companies, Mumbai. By focusing exclusively on its core threading taps and cutting tools business post-demerger, Emkay Tools Limited is positioned to operate with greater agility and specialization in its niche market. The alignment of the company’s operations and shareholder structure reflects the strategic intent to create a streamlined business with growth-oriented prospects in the tooling industry. Traders can monitor ETL as a standalone entity leveraging its established expertise and market presence inherited from its parent company.
Website emkaytoolsltd.com
Founded 2023
Headquarters Nagpur