Key Decision
Board of Directors approved the sale/disposal of the Company's Non-Conventional Energy (Wind Mill) Segment.
Transaction Details
Assets Sold: Non-Conventional Energy (Wind Mill) Segment
Purchasers: Viviid Green Power Private Limited (for Karnataka assets) and Viviid Emissions Reduction Universal Private Limited (for Rajasthan assets)
Business Area: Karnataka and Rajasthan
Consideration: ₹2.45 Crore
Payment Method: Cash
Expected Completion: Within 6 months from date of Board Meeting (by December 24, 2026)
Agreement Date: June 24, 2026
Financial Impact
Segment Turnover (Last Financial Year): ₹28.50 Lakh
Percentage of Total Turnover: 0.20%
Segment Net Worth: ₹43.18 Crore
Company Assessment: No significant impact on the Company
Transaction Rationale
The property/business segment is no longer considered strategic for the Company's future operations.
Additional Information
Related Party Transaction: No
Buyer Relationship: None of the buyers belongs to the promoter/promoter group/group companies
Board Meeting Timing: Commenced at 12:30 PM, concluded at 12:50 PM
Regulatory Reference: SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026