As per the approval of shareholders for sale of subsidiary vide postal ballot notice dated 20.05.2025, this is to inform that the said sale is completed
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Nettlinx Limited has completed the sale of its entire investment in its material subsidiary, Sri Venkateswara Green Power Projects Limited, which is in the green power sector. Shareholders had already approved the transaction through a postal ballot conducted from May 30 to June 28, 2025, with results announced on June 30, 2025. The transaction officially closed on August 6, 2025. As a result, Sri Venkateswara Green Power Projects Limited has ceased to be a subsidiary of Nettlinx. No financial details such as sale consideration or buyer name were disclosed in this intimation.
This marks the company's exit from the green power segment, which could lead to a cleaner focus on its remaining core businesses but also reduces revenue diversification. Investors should watch for the sale proceeds and how the company plans to deploy that capital going forward.