Key Transaction Details

The company is seeking shareholder approval through postal ballot for the sale of its entire overseas investment in Alliance Asia Pac Pte. Ltd., Singapore:

  • Investment Details: 143,750 equity shares representing 19.33% stake
  • Sale Consideration: USD 1.55 per equity share
  • Total Consideration: Aggregate approximately ₹2.13 crores (as mentioned in framework agreement)
  • Proposed Transferees:
  • Duratech Cements India Limited (CIN: U26933CH2014PLC042728) - 91,281 shares
  • Imperial Marketing Services India Pvt. Ltd. (CIN: U74110CH1990PTC010582) - 52,469 shares

Transaction Rationale

The proposed divestment is intended to:

  • Optimize the Company's investment portfolio
  • Unlock value from the overseas investment
  • Strengthen liquidity and financial resources
  • Enable greater focus on core business operations

Voting Details

  • Cut-off Date: Friday, 14th August 2026
  • Remote e-voting Period: From 09:00 a.m. (IST) on Friday, 21st August 2026 to 05:00 p.m. (IST) on Saturday, 19th September 2026
  • Service Provider: MUFG Intime India Private Limited (Instavote)
  • Scrutinizer: Mr. Rajeev Kumar Sanger (FCS 13092), Proprietor of M/s. Sanger & Associates
  • Results Declaration: To be displayed on company website (www.envair.in) and RTA website

Target Company Information

Alliance Asia-Pac Pte. Ltd., Singapore:

  • Incorporation: April 2022
  • Business: Intermediate holding company owning soap manufacturing plant in North Sumatra, KEK Sei Mangkei, Indonesia
  • Operational Entity: PT Alliance Consumer Products Indonesia (operational since October 2022)
  • Major Customer: Unilever PLC (subsidiaries and affiliates)
  • Financials (FY 2024-25): Turnover including other income - USD 17,936.97; Net worth - USD 903,9742

Valuation and Approval Process

  • Valuation Basis: Report from S.M. Bhat & Associates
  • Fair Value: USD 1.55 per share as recommended by Audit Committee and approved by Board
  • Board Approval Date: 13th August 2026
  • Expected Completion: After postal ballot completion (19th September 2026)

Proceeds Utilization

The Company proposes to utilize proceeds towards:

  • Expansion of business operations
  • Strengthening operational capabilities
  • Supporting growth initiatives
  • Enhancing market presence
  • Meeting general corporate requirements

Interested Parties

None of the Directors, Key Managerial Personnel or their relatives are concerned or interested financially, except Anil Nagpal & Harish Kumar Aggarwal to the extent of their shareholding in the company.

Document Availability

The postal ballot notice is available on:

  • Company website: www.envair.in
  • BSE website: www.bseindia.com
  • MUFG website: https://instavote.linkintime.co.in

Financial Impact

The transaction involves receipt of approximately ₹2.13 crores from the sale of overseas investment.