WPIL Limited's Board approved sale of its entire shareholding in Australian subsidiary Sterling Pumps Pty Limited on March 24, 2026.
Consideration is AUD 2.34 Mn for WPIL's 100% stake in SPPL, representing ~44% of SPPL's total shareholding; completion expected by March 31, 2026.
Buyer is Aturia International Pte. Ltd. (Singapore), a group company/SPV subsidiary of WPIL; SPPL will become a step-down subsidiary post-sale.
SPPL contributed Rs. 116.20 Cr (6.43%) to consolidated turnover and Rs. 24.63 Cr (1.80%) to consolidated net worth as of FY2025.