Surana Telecom and Power Limited has informed the Exchange about Diversification/Disinvestment
SURANAT&P · price
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Surana Telecom and Power Limited's Board, on August 7, 2025, approved selling its 7% equity stake in Aryavaan Renewable Energy Private Limited, a material subsidiary. After the sale, Aryavaan will cease to be a subsidiary of the company. Aryavaan contributed Rs 364.96 lakhs (22.92%) of Surana's total turnover of Rs 1,592.08 lakhs in FY24-25, and had a networth of Rs 981.91 lakhs (6.27% of Surana's Rs 15,639.17 lakhs). The buyers are Arun Kumar Kedia and Navkar Solar Power Systems LLP, both belonging to the promoter/promoter group, making this a related party transaction at arm's length. The deal is subject to shareholder approval through a general meeting under Section 180(1)(a) of the Companies Act, 2013.
Shareholders should note this is a related-party deal where a promoter-group entity is buying out a material subsidiary that contributed nearly a quarter of the company's revenue. Approval from shareholders will be needed, and the consideration will be based on an independent fair valuation. The exit from the renewable energy subsidiary could signal a strategic refocus on the core telecom/power business.