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