Sandhar Technologies Limited has informed the Exchange about General Updates - Investment in Overseas wholly owned subsidiary
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Sandhar Technologies has invested Euro 9,15,000 (approximately ₹8.5-9 crore) in its wholly owned subsidiary Sandhar Technologies Barcelona S.L. through a rights issue. The funds will be used by the Barcelona unit to support capital expenditure, new projects, and business expansion. The Barcelona subsidiary, incorporated in 2007, operates in the automobile industry in Spain and reported a turnover of INR 45,255.25 lakhs in FY25 with a net worth of INR 2,501.68 lakhs. The transaction is a related party deal done at arm's length, and the subsidiary will continue to remain wholly owned. No governmental or regulatory approvals were required for this investment.
This is a routine capital infusion into an existing wholly owned subsidiary and does not change ownership or control. For shareholders, it signals continued investment in the company's European automotive operations and expansion plans, though the amount is relatively small compared to the subsidiary's turnover.