The Company has acquired the remaining 20% equity shares of Samskara Resorts Private Limited, thereby making the Company a Wholly owned Subsidiary. After acquisition the Company has transferred ....
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Saboo Sodium Chloro Ltd has acquired the remaining 20% equity in Samskara Resorts Private Limited from two existing shareholders (Mr. Girdhar Saboo – 15% and Mr. Aditya Saboo – 5%), making it a 100% wholly owned subsidiary. The company has also approved the transfer of its Samskara Resort & Spa, Jaipur business to this wholly owned subsidiary as a going concern through a business transfer arrangement. The company has clarified that this transfer does not amount to disposal of an undertaking under Section 180(1)(a) of the Companies Act, 2013, so no shareholder approval is needed. The move is aimed at streamlining the group structure and aligning hospitality operations within the subsidiary.
This is an internal group restructuring with no change in ultimate ownership for shareholders, as the subsidiary and the resort business remain within the same promoter-controlled group. Investors should note this does not affect the listed company's core salt/chlor-alkali operations but consolidates the hospitality vertical under a dedicated entity.