Surana Telecom and Power Limited has informed the Exchange about General Updates

Core Business DivestedStrategic Transactions View source PDF Explain this filing

SURANAT&P · price

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹20.01

prior close

₹19.93

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-1.5% vs market

Power Generation peers, median of 27sector+1.9%-2.1% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.1+1.4-1.5+1.9-2.1

Next day

+0.7+2.1-1.4+2.5-1.7

+1.3+2.6-1.2+2.6-1.3

-0.5+1.1-1.6+0.7-1.3

-2.6+0.7-3.3-0.5-2.1

-3.3+1.0-4.4-0.2-3.1

-2.5-0.3-2.3-0.8-1.7

15d

-3.1+2.3-5.3+0.1-3.2

-4.7+2.5-7.2+1.9-6.6

-8.5-2.3-6.2-2.1-6.4

+27.8+0.2+27.6-3.6+31.4

UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Surana Telecom and Power has divested 49% of its equity stake in Sunvibe Energy Private Limited to Baidyanath Power Private Limited for Rs. 2.05 crore at a premium, effective June 9, 2025. Sunvibe Energy was a subsidiary implementing a 54MW Solar Power Project in Maharashtra, but had not yet commenced business and contributed nothing to the company's turnover or net worth. With this sale, Sunvibe Energy has ceased to be a subsidiary of Surana Telecom. The buyer is not related to the promoter group, and the transaction is not a related-party deal. The agreement was signed on March 3, 2025, with completion expected by June 30, 2025.

Likely market impact

This is a small-value divestment (~Rs. 2 crore) of a non-revenue-generating subsidiary, so it is unlikely to materially affect the stock price or shareholder value. However, it marks the company's exit from direct involvement in the 54MW solar project in Maharashtra, which may slightly reduce its power business footprint going forward.