The Board of Directors, at their meeting held on November 13, 2026, considered and approved the disinvestment/withdrawal of the company's entire capital contribution from Aurum Turnkey Services LLP. This constitutes a 55% stake of the total contribution in the LLP.
Key Quantitative Figures
- The divested unit, Aurum Turnkey Services LLP, contributed ₹6,45,22,760 to the listed entity's turnover in the last financial year.
- This amount represented 17.67% of the total turnover of the LLP itself.
- The consideration received from this disposal is ₹58,667.
Transaction Timeline
- The agreement for sale was entered into on November 13, 2026.
- The expected date of completion of the sale/disposal is January 31, 2027.
Parties Involved and Nature of Transaction
- The buyers are not promoters, promoter group, or group companies of Sizemasters Technology Limited.
- The transaction does not qualify as a related party transaction.
- The transaction is confirmed to be done at "arm's length."
- The sale is outside any Scheme of Arrangement and is not a slump sale, making regulations concerning amalgamation/merger and regulation 37A of LODR not applicable.