The Company has submitted the outcome of the Board Meeting held today on 07th August 2025
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Awaiting price reaction for this filing.
B.C. Power Controls' Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), reviewed by statutory auditors Gaur & Associates with an unqualified review report. The Board also approved the full disinvestment of its 100% stake in wholly owned subsidiary Proxima Industries Private Limited for a total consideration of Rs. 10 Lakhs. The buyers are directors Mr. Chander Shekhar Jain (Managing Director) and Mr. Nitin Aggarwal, each acquiring a 50% stake in the subsidiary. The subsidiary contributed 0% to consolidated turnover and only Rs. 9.84 Lakhs (4.24%) to combined networth, and is not classified as a material subsidiary, so no shareholder approval was needed. The transaction is classified as a related party deal done at arm's length and is expected to close by September 30, 2025.
The divestment is financially negligible since the subsidiary contributed nothing to revenue and only a tiny fraction to networth, so this is a non-event for the stock's valuation. The related-party nature of the sale to two directors may draw minor governance scrutiny but the deal size is immaterial. Shareholders should mainly focus on the Q1 FY26 results rather than this transaction.