Arco Leasing Limited has submitted a clarification to BSE Limited's Corporate Relationship Department regarding the status of a previously approved divestment proposal.
The disclosure addresses a query from BSE regarding a preferential issue and shareholders' approval obtained at the Company's Annual General Meeting held on September 25, 2025. At that meeting, shareholders had authorized the Board of Directors to explore the possibility of divestment of the Company's investment in its wholly owned subsidiary, ANSU Trade & Fiscals Private Limited, which is also identified as a material subsidiary of the Company.
The shareholders' approval was intended to enable the Board to evaluate potential divestment opportunities, subject to commercial viability, market conditions, regulatory requirements, and other factors considered relevant by the Board.
After conducting due evaluation of available opportunities and considering prevailing business and commercial circumstances, the Company has determined that the proposed divestment has not been undertaken. The divestment proposal was not pursued, and no transaction was executed pursuant to the shareholders' approval obtained in September 2025.
As a result, ANSU Trade & Fiscals Private Limited continues to remain a wholly owned subsidiary of Arco Leasing Limited, with no change in the Company's shareholding in the subsidiary.
The disclosure is being submitted for the information of shareholders and other stakeholders of the Company.
The letter is signed by Akash Dubey, Managing Director (DIN: 08731219), and includes the company's contact information: Plot No. 123, Street No. 17, M.I.D.C. (Marol), Andheri (E), Mumbai – 400 093, India, with CIN: L65910MH1984PLC031957.
Financial Impact
No financial impact disclosed. The divestment was not pursued, resulting in no change to the company's subsidiary ownership structure.