Jindal Saw's board approved the disposal of its 100% Cyprus subsidiary, Raleal Holdings Limited, via sale or liquidation.
The subsidiary reported a negative net worth of Euro 9,762,501 and nil turnover for the financial year ended March 31, 2026.
Key transaction details including buyer identity, consideration, and completion date are yet to be decided following board approval.
Disclosure is made under SEBI LODR Regulation 30, confirming the transaction is not a related party transaction.