Company Disclosure
Rexnord Electronics and Controls Limited (Scrip Code: 531888) has made a regulatory disclosure under SEBI LODR Regulation 30 regarding the disinvestment of its wholly-owned subsidiary.
Board Approval Details
The Board of Directors of Rexnord Electronics and Controls Limited approved the disinvestment of the company's entire holding in Rexnord Enterprise Private Limited (REPL), which is a wholly-owned subsidiary of the company. The board meeting was held on September 19, 2026, commencing at 4:30 PM and concluding at 6:00 PM.
Signature and Authentication
The document is digitally signed by Kishorechand Kewal Talwar, Chairman and Managing Director (DIN: 0035L751), on September 22, 2026 at 17:49:02 +05:30.
Financial Impact
Financial impact of the transaction has not been quantified in this disclosure. Specific details regarding transaction value, consideration, and financial implications will be disclosed upon execution of the definitive agreement.