Sale of Company''s 51% shareholding in its Subsidiary Company- TKD Digitrans Tech Private Limited
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Shreeji Translogistics has sold its entire 51% stake (5,100 equity shares) in its subsidiary TKD Digitrans Tech Private Limited for a total consideration of just Rs. 51,000, which is the face value since the subsidiary had negative net worth. The transaction was completed on 22nd December 2025 on a mutual understanding basis. As a result, TKD Digitrans Tech will cease to be a subsidiary of the company. The buyers include promoter group members Mr. Rupesh Shah (Wholetime Director and Promoter) and Mr. Rakshit Shah (Promoter Group), along with three non-promoter buyers. The subsidiary contributed only Rs. 5.75 Lakhs (0.02%) to consolidated revenue for FY25 and had a negative net worth of Rs. -48.49 Lakhs, making it a negligible and loss-making part of the business.
This is a non-material divestiture — the subsidiary contributed almost nothing to revenue and was loss-making, so its exit has no meaningful financial impact on shareholders. The sale at face value to promoters and others at arm's length effectively cleans up a negative-net-worth subsidiary from the consolidated books.