Intimation of Sale of Subsidiary Company
Price
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Awaiting price reaction for this filing.
Bharatam Ventures Limited (formerly Pet Plastics Ltd) has entered into a Share Purchase Agreement dated 31st March 2026 to sell its entire equity stake in subsidiary Exuberant Systems Private Limited (ESPL) to ANS Buggy LLP for Rs. 4.68 crore. The transaction was completed on the same date. ESPL had zero contribution to the company's consolidated income and net worth, indicating it was likely a dormant or non-operational subsidiary. The buyer (ANS Buggy LLP) is not part of the promoter group and the transaction is classified as an arm's length deal, not a related party transaction.
Minimal financial impact expected as ESPL contributed 0% to revenue and net worth. The sale simplifies the corporate structure by removing a non-operational subsidiary while generating Rs. 4.68 crore in cash proceeds.