Intimation of Cessation of Wholly-Owned Subsidiary - Digital Micron Roto Print Private Limited
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Awaiting price reaction for this filing.
Samyak International Ltd is selling its entire 51.40% stake in wholly-owned subsidiary Digital Micron Roto Print Private Limited (DMRPPL), after which DMRPPL will cease to be its subsidiary. The sale agreement was signed on February 4, 2026, with total consideration of Rs. 1.21 crore and completion expected by February 28, 2026. DMRPPL was not a material subsidiary, contributing only 5.43% of income and 2.00% of net worth to the company as of March 31, 2025. The buyers are Satiate Agri Limited and Aditya Fincom Private Limited, both unrelated to the promoter group, though the transaction qualifies as a related party deal done at arm's length.
This is a minor divestment of a non-material subsidiary with negligible contribution to the company's revenue and net worth, so the financial impact on shareholders is limited. The Rs. 1.21 crore inflow is small and unlikely to materially affect the stock price.