To considered & approved the proposal to sale its entire shareholding of 51% in Dreamsoft Bedsheets Private Limited resulting into cessation of Dreamsoft Bedsheets Private Limited as a ....
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Raghuvir Synthetics' board has approved the sale of its full 51% shareholding in subsidiary Dreamsoft Bedsheets Private Limited, which will cease to be a subsidiary after the deal. The sale consideration is just Rs. 51,000, and the buyers are Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal, who are promoters of the company — making this a related party transaction. According to the disclosure, Dreamsoft contributed only Rs. 5,000 in income (0.00% of total) and had a negative net worth of Rs. 17.1 lakh as of March 31, 2025. The transaction is stated to be at arms length, with expected completion by March 31, 2026.
This is a low-impact housekeeping transaction — the subsidiary had negligible income and negative net worth, so divesting it removes a loss-making entity from the books without affecting core operations. Shareholders should note the promoters are effectively taking over a loss-making subsidiary for a nominal sum, which is a related party deal though claimed to be at arms length.