AGM proposes sale of wholly owned subsidiary Victoria Investments
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Awaiting price reaction for this filing.
Tivoli Construction held its 40th AGM on Sept 30, 2026. A special resolution was proposed to sell 100 percent shareholding in wholly owned material subsidiary Victoria Investments Company Limited under Section 180(1)(a) and SEBI LODR Regulations 24(5) and 37A. Other items included adoption of FY26 financials, re-appointment of directors, and appointment of statutory auditors for five years. Auditors gave an unqualified opinion. 14 members attended in person. Voting results are expected by Oct 2, 2026.
Sale of material subsidiary could trigger an open offer under SEBI Reg 37A and may reshape the company's business profile.