The Company has informed the BSE about 100% dis-investment from M/s Proxima Industries Private Limited. After this dis-investment M/s Proxima Industries will be ceased to be a Subsidiary ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of B.C. Power Controls approved a 100% disinvestment in its wholly owned subsidiary Proxima Industries Private Limited on August 7, 2025. Proxima contributed only 4.24% to the company's networth (Rs. 9.84 lakh) and 0% to consolidated turnover, and was not a material subsidiary. The two buyers are the company's own directors — Mr. Chander Shekhar Jain (Managing Director) and Mr. Nitin Aggarwal — who will each take 50% equity for a total consideration of Rs. 10 lakh at fair value. The transaction is a related party deal and is expected to complete by September 30, 2025; no shareholder approval is needed. The board also approved unaudited standalone and consolidated Q1 FY26 (quarter ended June 30, 2025) results.
This is a minor housekeeping divestment of a non-contributing subsidiary, so it is unlikely to move the needle on the stock. The related-party nature of the buyer group and the small consideration (Rs. 10 lakh) mean retail investors should mainly view this as a cleanup exercise rather than a value-creating event.