The company has informed the exchange about the disinvestment of the entire shareholding held in Stratmont Coal and Commodity Private Limited, a subsidiary of the company.
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Stratmont Industries has signed a Share Purchase Agreement to sell its entire stake in subsidiary Stratmont Coal and Commodity Private Limited (SCC) for a total consideration of Rs. 99,000. The sale was executed and completed on 6th March 2026 itself. The buyer is Mr. Vatsal Agarwaal, an existing promoter shareholder, making this a related party transaction carried out at arm's length. Importantly, the company disclosed that SCC is not a material subsidiary and contributed NIL to the company's turnover, revenue, income, or net worth in the last financial year. The transaction is outside any Scheme of Arrangement and no slump sale provisions apply.
For shareholders, the financial impact is negligible given the tiny Rs. 99,000 consideration and the fact that the subsidiary contributed nothing to revenues or net worth. The deal signals a minor cleanup of a non-performing or inactive subsidiary, with the buyer being from the promoter group, so no major strategic change for the listed company.