Outcome of the meeting of the Board of Directors of the company held at the registered office of the company at L-5, B-II, Krishna Marg, C-Scheme Jaipur - 302001, Rajasthan, India on Friday, ....
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The Board of Directors of Saboo Sodium Chloro Limited met on October 24, 2025 and approved two key decisions. First, the company has acquired the remaining 20% equity in Samskara Resort Private Limited from existing shareholders Mr. Girdhar Saboo (15%) and Mr. Aditya Saboo (5%), with the consideration already paid, making it a 100% wholly owned subsidiary. Second, the Board approved the transfer of Samskara Resort & Spa, Jaipur to Samskara Resort Private Limited as a going concern under a business transfer arrangement. The company clarified this transfer does not amount to a sale of the whole undertaking under Section 180(1)(a) of the Companies Act, 2013, so no shareholder approval is required. The move is intended to streamline the group's business structure and align operations within the subsidiary.
This is an internal restructuring that consolidates the hospitality business under a wholly owned subsidiary. Shareholders should note the related-party nature of the acquisition, as shares were bought from the Managing Director (Mr. Girdhar Saboo) and a related party (Mr. Aditya Saboo), though no impact on share price is expected from this organizational reshuffle.