Span Divergent Limited - Intimation for sell / transfer of the entire investment of the Company held in Span Diagnostics LLP
Awaiting price reaction for this filing.
Span Divergent Ltd's board, on November 10, 2025, approved the sale of its entire 99% stake in Span Diagnostics LLP to promoter group members Mr. Viral P Desai and Ms. Sujata V Desai for a total consideration of INR 99,000. The subsidiary LLP has been inoperative since its inception, contributing zero income and a negligible net worth of INR 0.15 lakhs in FY 2024-25. Shareholders had already approved this disposal in September 2024. The transaction qualifies as a related party deal but is being carried out at arm's length price.
This is a routine cleanup of a non-functional, zero-value subsidiary and is unlikely to have any material impact on the company's financials, operations, or stock price. Shareholders should note the transaction is with promoter group entities, though the value is symbolic.