Announcement under Reg 30 for acquisition of complete stake in the subsidiary of the company thus, making it a Wholly Owned Subsidiary
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Awaiting price reaction for this filing.
Thrive Future Habitats' board approved acquiring the remaining 47.25% stake in 1908 E-Ventures Private Limited, which would make it a wholly owned subsidiary. The company already holds 52.75% (31.75 lakh equity shares) in 1908 E-Ventures, a cosmetic manufacturing firm in personal care and beauty. The target reported nil sales and a Rs 252 lakh net loss in FY25, though it had Rs 157 lakh turnover in FY24 and Rs 642 lakh in FY23. The deal is a cash transaction and not a related-party deal; acquisition cost will be based on a valuation report. Separately, the board approved divesting its entire stake in Aura Flow Private Limited, a subsidiary with nil turnover and just Rs 3.04 lakh net worth (1.46% of consolidated net worth). The subsidiary has been non-operational, and the acquisition gives existing shareholders an exit route. The board also approved unaudited Q2/H1 FY26 financial results.
These are minor structural clean-up moves — buying out minority shareholders of a loss-making, mostly dormant subsidiary and exiting a non-contributing one. Material financial impact is limited given the small scale of both entities; investors should watch for the disclosed valuation and consideration amount for the 1908 E-Ventures buyout.