Tulsyan NEC sells full stake in subsidiary Sapient Packing to promoter group
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tulsyan NEC has divested its entire 99.80 percent stake (9,980 equity shares of Rs.10 each) in subsidiary Sapient Packing Private Limited (SPPL) for Rs.99,800. Buyer is Mrs. Alka Tulsyan, part of the promoter group and wife of Executive Chairman Lalit Kumar Tulsyan, making this a related party transaction done at arm's length. SPPL ceases to be a subsidiary from July 16, 2026. SPPL reported zero net revenue and a net worth of Rs.1 lakh as on March 31, 2026, indicating it was inactive.
Sale of a dormant, nil-revenue subsidiary to a promoter-group member. Minimal financial impact, but raises related-party governance questions for minority shareholders.