Board approves sale of Wind Mill Segment for Rs 2.45 Crore

Strategic Transactions View source PDF Explain this filing

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AI summary

Board approved sale of the company's Non-Conventional Energy (Wind Mill) Segment to Viviid Green Power and Viviid Emissions Reduction for Rs. 2.45 Crore in cash. The segment contributed only 0.20% of turnover (Rs. 28.50 Lakh) though its net worth stood at Rs. 43.18 Crore. Buyers are not related parties. Sale expected to complete within 6 months. Company says no significant impact.

Likely market impact

Minimal financial impact as the segment is non-core and contributes just 0.20% of revenue. Proceeds may support expansion or working capital.