L) Approval for Disposal of Investment in Associate Company: The Board approved the sale and transfer of 23,96,000 equity shares of face value t10/- each held by the Company in M/s. Nicosa ....
Awaiting price reaction for this filing.
Photon Capital Advisors' Board has approved the sale and transfer of 23,96,000 equity shares (face value ₹10 each) held in its associate company, M/s. Nicosa Consulting Private Limited. The company will seek shareholder approval for this disposal at an Extraordinary General Meeting (EGM) scheduled for Friday, December 5, 2025, at its registered office in Hyderabad. The same EGM will also consider approval for related party transactions with promoters Mrs. Sobharani Nandury and Ms. Vennela Nandury. The cut-off date for remote e-voting and voting at the EGM is November 28, 2025, and Ms. N. Vanitha has been appointed as Scrutinizer.
This is a divestment move where the company is exiting its stake in an associate, which could unlock cash but also removes a source of associate-level earnings. Shareholders need to approve the deal at the December 5 EGM before it can go through.