Key Dates

  • Previous intimations: 10 February 2026, 28 February 2026, 24 June 2026
  • Company approvals: Audit Committee and Board of Directors meetings held on 24 June 2026
  • LLP partner approval: Meeting held on 26 June 2026
  • Fresh LLP Agreement execution: 26 June 2026
  • Effective date of withdrawal: 26 June 2026

Transaction Details

  • Nature: Withdrawal of partnership interest and cessation as Partner through reconstitution of LLP
  • Pre-transaction partnership interest: 16%
  • Post-transaction partnership interest: Nil
  • Mode: Reconstitution through execution of Fresh LLP Agreement
  • Consideration: Settlement and adjustment of capital contribution and all rights, interests and entitlements attached to the partnership interest
  • Related party: Yes - continuing Partners belong to the promoter group
  • Arm's length: Yes - effected pursuant to mutually agreed terms among Partners

Purpose and Rationale

To optimize capital allocation, enhance financial flexibility, reduce long-term capital commitment and contingent exposures, and redeploy resources towards expansion of the Company's core business operations including the Food Business and Steel Rolling Business.

Impact on Company

  • Ceased to be Partner of SBCD LLP effective 26 June 2026
  • Expected to improve capital efficiency, liquidity position and financial flexibility
  • Capital contribution fully withdrawn and settled pursuant to reconstitution
  • No transfer or sale of partnership interest to external third party

Confirmation Documentation

  • Annexure-A: Detailed disclosure table with all transaction particulars
  • Letter dated 26 June 2026 from SBCD LLP confirming completion of withdrawal and reconstitution process

Confirmation Letter Details (from SBCD LLP)

  • Partners meeting held on 26 June 2026 approved withdrawal and reconstitution
  • Fresh LLP Agreement executed among continuing Partners on 26 June 2026
  • Partnership interest of Shri Bajrang Alliance Limited extinguished
  • Revised capital contribution and profit-sharing ratio of continuing Partners effective from 26 June 2026
  • Capital contribution and all rights settled, adjusted and discharged as per mutually agreed terms