Sandhar Technologies Limited has informed the Exchange about Diversification/Disinvestment
SANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sandhar Technologies has signed a Share Purchase Agreement on 19th June 2025 to sell its entire 50% stake in Kwangsung Sandhar Technologies Private Limited (KSTPL) for about ₹10.08 crore and its direct 4.5% stake in Kwangsung Sandhar Automotive Systems Private Limited (KSASPL) for about ₹0.99 crore, totalling roughly ₹11.07 crore. The buyer is its existing JV partner, Kwangsung Corporation Ltd. of Korea, and the deal is expected to close by 24th June 2025. The transaction is not a related-party deal and the buyer is not connected to Sandhar's promoters. Since KSTPL was a joint venture, its revenue (₹52.82 crore in FY25) was not consolidated into Sandhar's books, meaning there is no direct revenue impact from the exit. The company states the move is aimed at streamlining operations and focusing on its core competencies.
The cash inflow of about ₹11 crore is modest and the divested JVs were not contributing to consolidated revenue, so earnings impact is negligible. Investors should view this as a strategic refocusing move rather than a financially material event — broadly neutral to mildly positive for portfolio clarity.