Valecha Engineering to sell entire stake in loss-making subsidiary

Valecha Engineering's board approved selling its entire 42,000 equity shares (100 percent stake) in wholly-owned subsidiary Valecha Infrastructure Limited for about Rs 4.20 lakhs. The subsidiary had nil revenue and a negative net worth of about Rs 28.69 crores as on 31 March 2026. The sale agreement was signed on 30 June 2026 and completion is expected by 1 July 2026.