Please be informed that Board of Directors of the company have approved the sale of 100 percent stake of Indianviesh Securities Limited, re-appointment of Mr. Jagdish Pareek as independent ....
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The Board of Directors of IndiaNivesh Ltd, at its meeting held on September 5, 2025, approved the sale of its entire 100% stake in wholly owned subsidiary Indianivesh Securities Limited, subject to shareholder approval at the upcoming AGM. The subsidiary had nil revenue during the last financial year and a net worth of INR 155.51 Lakhs, indicating it is a non-revenue generating or dormant entity. Key transaction details such as the sale consideration, buyer identity, and timeline have not been finalized yet, with the Board seeking authorization to decide these terms. Additionally, the Board approved the re-appointment of Mr. Jagdish Pareek as Independent Director for a second term of five years until September 2030, and the regularization of Ms. Jeny Vinod Kumar Gowadia as Independent Director for a five-year term until May 2030, both pending shareholder approval.
Minimal financial impact expected since the subsidiary being divested contributed no revenue; this move appears to be a business restructuring or exit from a non-performing unit. Shareholders will need to approve the sale at the AGM before it can proceed.