Outcome of Board Meeting dated Friday, January 30, 2026.
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Awaiting price reaction for this filing.
Samyak International Ltd's board, meeting on January 30, 2026, approved the proposed divestment of its entire equity share capital in its material subsidiary, Alpha Tar Industries Private Limited, subject to shareholder approval via postal ballot. Alpha Tar contributed Rs. 7.35 crore in income (17.85% of total) and Rs. 3.19 crore in net worth (6.13%) during FY25, indicating it is a meaningful contributor to the company's earnings. The buyers are Satiate Agri Limited and Shanaya Real Estate Private Limited, both unrelated to the promoter group. The transaction qualifies as a related party transaction but has been carried out at arm's length. A postal ballot notice with a cut-off date will be sent separately, and Mr. Ajit Jain has been appointed as scrutinizer for the e-voting process.
This is a significant divestment for Samyak International since the subsidiary contributes nearly 18% of its income, so the move could reshape the company's revenue mix. The stock may see volatility as the deal moves to postal ballot stage and the final sale price/disposal timeline becomes clearer. Shareholders should watch for the postal ballot notice and any updates on the consideration amount.