Board Approval Details
The Board of Directors of TTK Healthcare Limited, in their meeting held on July 23, 2026 (commencing at 12:00 noon and concluding at 12:45 p.m.), based on the recommendation of the Audit Committee, approved the proposal for the sale of "EVA" and "Good Home" brands.
Transaction Details
- Definitive agreements have been concluded with Wipro Enterprises Private Limited as the buyer
- The transaction closing is subject to fulfilment of 'conditions precedent' that are customary in such transactions
- The buyer does not belong to the Promoter Group of the Company
- Transaction does not fall within related party transactions
- Transaction does not qualify as a slump sale
Financial Impact
- The EVA and Good Home brands contributed revenue/turnover/income of approximately ₹148 crores during FY 2025-26
- This represents 17% of the total turnover of the Company
- Total consideration for the sale is ₹256 crores (Rupees Two Hundred and Fifty Six Crores Only) plus applicable GST
Timeline
- Definitive agreements entered into on July 23, 2026
- Expected completion date: September 30, 2026 (subject to fulfilment of conditions precedent)
Company Representation
The disclosure was signed by Gowry A Jaishankar, DGM – Legal & Company Secretary, on July 23, 2026 at 12:50:02 IST.