Summary of Key Information:
Nature of Filing / Announcement: Divestment of material subsidiary
Corporate Actions:
- Divestment of 100% equity stake/investment in Shaan Agro Oils & Extractions Private Limited (material subsidiary)
- Sale of 4,56,000 equity shares at face value of ₹0.01 per share
- Aggregate consideration: ₹4,560 (Rupees Four Thousand Five Hundred and Sixty only)
- Buyer: Mr. Abhishek Shivhare (resident of Indore)
- Transaction subject to shareholder approval by special resolution
- Expected completion date: on or before October 30, 2026
Financial Impact of Divestment:
Subsidiary Financial Contribution (FY26):
- Total Income: ₹962.94 lakhs (51.13% of company's total income)
- Net Worth: (₹81.87) lakhs (-20.47% of company's net worth)
Other Significant Information:
Use of Proceeds:
- Proceeds will be utilized for company's general corporate purposes
- Funds will support business operations, resource optimization, and core business activities
- Specific allocation to be determined by the Board