Date: September 01, 2026

Board Meeting Outcomes

  • The Company has been allotted 3,415 equity shares of ₹10 each at an issue price of ₹2,92,845 per equity share by Flair Writing Equipments Private Limited (FWEPL)
  • Total investment amount: ₹100,00,65,675 (One Hundred Crore Sixty-Five Thousand Six Hundred and Seventy-Five only)
  • The transaction was completed through a Rights Issue
  • No change in shareholding structure - FWEPL remains a wholly owned subsidiary

Disinvestment / Strategic Actions

Target Entity Details:

  • Name: Flair Writing Equipments Private Limited (FWEPL)
  • Incorporation: November 4, 2019 under Companies Act, 2013
  • Business: Manufacturing and dealing in writing instruments and related products
  • Country of Presence: India
  • Paid-up capital post-allotment: ₹1,34,150

Financial Performance of FWEPL:

  • Standalone Turnover as on March 31, 2026: ₹2,35,23,71,496
  • Consolidated Turnover as on March 31, 2026: ₹2,70,94,79,795

Historical Turnover (Standalone/Consolidated in Rs. Lakhs):

  • FY 2025-26: 23,523.71 / 27,094.80
  • FY 2024-25: 14,369.18 / 14,009.48
  • FY 2023-24: 8,134.01 / Not specified

Transaction Details:

  • Nature: Related party transaction (holding company investing in wholly-owned subsidiary)
  • Consideration: Cash payment of ₹100,00,65,675
  • Price per share: ₹2,92,845 (including securities premium of ₹2,92,835 per share)
  • Number of shares: 3,415 equity shares of ₹10 each
  • Completion date: September 01, 2026
  • Valuation: Derived from valuation report by SEBI Registered Category I Merchant Banker
  • Arm's length basis: Confirmed

Purpose and Effects:

  • To support FWEPL's financial and business requirements
  • To strengthen FWEPL's financial position
  • Funds will be utilized towards repayment of outstanding debt
  • Reduction of financial liabilities and associated finance costs of FWEPL

Regulatory Aspects:

  • No governmental or regulatory approvals required
  • Disclosed under Regulation 30 of SEBI Listing Regulations
  • Complies with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Other Operational / Legal / Strategic Disclosures

Information available on company website: https://www.flairworld.in/