Notice of EGM to be held on December 12, 2025.
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Awaiting price reaction for this filing.
Dolphin Kitchen Utensils and Appliances Ltd has called an Extra-Ordinary General Meeting on December 12, 2025, via video conferencing. The key item is a special resolution to sell its entire 100% holding in Bhagat Marketing Private Limited (BMPL), a wholly owned and material subsidiary engaged in trading and marketing activities, for a total consideration of Rs. 2.96 crore. The buyers are Mr. Nipun Anantlal Bhagat (who is also the Chairman and Managing Director of the company) and Mr. Bhaumik Dipak Bhagat, making this a related-party transaction. The company says the proceeds will be used for working capital and general corporate purposes, and the sale will help it simplify its structure and focus on core businesses. The notice also references a recent name change from Sai Swami Metals and Alloys Limited to Dolphin Kitchen Utensils and Appliances Limited.
Shareholders will vote on divesting a material subsidiary to related parties at a relatively modest valuation of Rs. 2.96 crore, which may raise governance concerns given the MD is one of the buyers. The move could streamline the company but the small deal size and related-party nature mean limited near-term impact on stock price; shareholders should review the fairness of the sale price before voting.