Chembond Chemicals Limited has informed the Exchange about Cessation of Step-Down Associate Company.
CHEMBONDCH · price
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Chembond Chemicals, through its wholly-owned subsidiary Chembond Water Technologies Limited (CWTL), has sold its entire 40% stake (20,000 equity shares of ₹10 each) in Rewasoft Solutions Private Limited, a step-down associate company, for a total consideration of ₹2 Lakhs. The buyer is Mr. Mohit S. Shah, who is a relative of the promoter/director of Rewasoft but does not belong to Chembond's promoter group. The transaction was carried out at arm's length. With effect from January 1, 2026, Rewasoft ceases to be an associate of CWTL and a step-down associate of Chembond. Rewasoft contributed only 0.026% (Rs. 4.60 Lakhs) to the group's net worth in FY25 and had no turnover contribution, making the financial impact immaterial.
This is a minor, non-material disposal of a small step-down associate with negligible contribution to the company's financials. Shareholders are unlikely to see any meaningful impact on the stock price or business performance, as Rewasoft was a very small part of the group.