Date: June 23, 2026

Board Meeting Outcomes

  • Board of Directors approved the sale of the operational business unit situated at Plot No. N-178, MIDC, Tarapur Industrial Area, Tarapur, Boisar, Palghar-401 506
  • Approval was granted via resolution passed by circulation on June 23, 2026
  • Transaction is subject to execution of definitive transaction documents

Disinvestment / Strategic Actions

  • Nature of entity: Operational business unit
  • Location: Plot No. N-178, MIDC, Tarapur Industrial Area, Tarapur, Boisar, Palghar-401 506
  • Buyer: M/s Orchem Products
  • Consideration: Up to ₹4.05 Crores (Rupees Four Crores and Five Lakhs Only)
  • Expected completion date: On or before October 31, 2026
  • Financial impact of divested unit:
  • Contributed 0.54% of revenue in last financial year
  • Net worth amount: ₹3.97 Crores
  • Contributed 0.74% of net worth in last financial year
  • Transaction does not fall within related party transactions
  • Buyer does not belong to Promoter/Promoter Group/Group companies
  • Sale does not fall under the definition of an "Undertaking" as per Companies Act, 2013