This intimation is in connection with and in revision of the earlier intimation given by the Company on 04th February 2026.
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Nirav Commercials is revising its earlier February 4, 2026 announcement to disclose a slump sale of its aluminium grills, doors and windows business (brand 'Elesar Focchi') to Hind Aluminium Industries Ltd, a group company with common promoters. The business being sold accounts for 99.16% of the company's revenue (₹9.64 crores) but only 6.91% of net worth (₹2.11 crores). The cash consideration is just ₹1.25 crores, and the deal is classified as a material related party transaction done at arm's length. Completion is expected by March 31, 2026, pending shareholder and regulatory approvals. The rationale given is to monetize the business and refocus on remaining operations.
This is a significant divestment — essentially the company's core revenue-generating business is being sold to a related party at a cash consideration (₹1.25 cr) that appears very small relative to the ₹9.64 cr revenue contributed. Shareholders should scrutinize the valuation and arm's-length pricing closely, as this is a related-party transaction requiring shareholder approval via postal ballot.