Cambridge Technology Enterprises Limited has informed the Exchange that the divestment of 100% shareholding in R.P. Web Apps Private Limited, a wholly owned subsidiary of the Company, as approved by the Board of Directors, at its meeting held on March 30, 2026, has been completed.
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Cambridge Technology Enterprises has completed the sale of its entire 100% stake in R.P. Web Apps Private Limited to AKIT IT Consulting Private Limited. The transaction involved 60,880 equity shares of Rs. 10 face value each. The Board had approved the divestment on March 30, 2026, and the share transfer was completed on April 6, 2026. As a result, R.P. Web Apps has ceased to be a wholly owned subsidiary of Cambridge Technology Enterprises.
Shareholders should note that the company has exited a subsidiary, which may simplify its group structure and affect consolidated financials going forward. The financial impact on the company's earnings will depend on the size and contribution of R.P. Web Apps, which is not detailed in this filing.