Rashi Peripherals Limited has intimated the Exchange under Regulation 30 of the SEBI Listing Regulations.
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Awaiting price reaction for this filing.
Rashi Peripherals has sold its full 51% stake in Znet Technologies Private Limited, a non-material subsidiary, for Rs. 2 crore to Mr. Sandeep Jain through a Share Purchase Agreement dated June 17, 2025. Znet contributed only Rs. 367.29 million (0.27%) to the company's turnover and had a negative net worth of Rs. 89.24 million as of March 31, 2025. Post the transaction, Znet ceases to be a subsidiary of the company. The buyer is unrelated to the promoter or promoter group, and the transaction is not a related party deal.
Minimal financial impact since Znet was a non-material, loss-making subsidiary contributing a negligible share of revenue. The divestment is a portfolio cleanup move and is unlikely to materially affect the stock price or shareholder value.