Nature of the Event
This is a regulatory disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It intimates the disinvestment of the company's entire stake in its subsidiary, Sapient Packing Private Limited (SPPL).
Key Quantitative Figures and Transaction Details
- The Board of Directors of Tulsyan NEC Limited approved the transaction via a circular resolution passed on July 16, 2026.
- The company disinvested its entire holding of 9,980 equity shares of Rs. 10/- each, representing a 99.80% stake in SPPL.
- The consideration received for the disinvestment was Rs. 99,800.
- The transaction was completed on July 16, 2026. Consequently, SPPL ceased to be a subsidiary of Tulsyan NEC Limited with effect from this date.
Financials of the Divested Subsidiary
Details of Sapient Packing Private Limited (SPPL) as on March 31, 2026, are provided:
- Net Revenue: NIL
- Net Worth: Rs. 1,00,000
Parties Involved and Transaction Nature
The buyer of the stake is Mrs. Alka Tulsyan.
Mrs. Alka Tulsyan is identified as a member of the Promoter Group and is the wife of Mr. Lalit Kumar Tulsyan, the Executive Chairman of Tulsyan NEC Limited.
The disclosure confirms that the transaction falls within the definition of related party transactions. It is stated that the proposed transaction was conducted on an arm's length basis.