Intimation under Regulation 30 (LODR)
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Rithwik Facility Management Services has fully divested its 100% stake in subsidiary Rithwik Indus Power Private Limited, with the sale completing on March 23, 2026 (agreement signed November 20, 2025). Total consideration received was Rs. 20 lakh (Rs. 20,00,000), with the 10,000 shares split equally between Rishabh Infopark Pvt Ltd and Hanudev Infopark Pvt Ltd, neither of which belongs to the promoter group. The disposed subsidiary contributed NIL to the company's turnover, revenue, income, and net worth in the last financial year, making it a non-material unit. The transaction is not a related party deal and not a slump sale.
The divestment is financially immaterial since the divested unit contributed nothing to revenue or net worth, so shareholders should not expect any meaningful impact on earnings or book value. This is essentially a cleanup of a non-performing or inactive subsidiary, which could marginally streamline the company's structure.