Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby submit the intimation towards the sale of stake in Subsidiary Company.
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The board of SPV Global Trading has approved the sale of its entire 54.90% stake (22.79 lakh equity shares) in material subsidiary Rashtriya Metal Industries Limited to prospective buyer(s) yet to be identified. The minimum per-share equity value is fixed at INR 1,325, translating to a minimum aggregate consideration of about INR 302 crores, subject to due diligence adjustments. The subsidiary contributed 97.36% of consolidated revenue and 98.55 of consolidated net worth for FY25, making it essentially the core operating asset of the company. The transaction is targeted for completion on or before 30 June 2026, and the buyer will not be from the promoter/promoter group. Managing Director Balkrishna Binani has been authorised to identify buyers, negotiate, and execute the share purchase agreement.
This is a near-complete exit from the operating business since the subsidiary accounts for virtually all of SPV Global's consolidated revenue and net worth — shareholders should expect a significant cash inflow (minimum ~₹302 crores) but also a major change in the company's business profile post-completion. The stock may react to the headline transaction value, though the buyer identity and final price remain open.