Valecha Engineering to Sell Entire Stake in Loss-Making Subsidiary

Valecha Engineering's board has approved selling its entire holding of 42,000 equity shares (100%) in wholly-owned subsidiary Valecha Infrastructure Limited. The aggregate consideration is about Rs 4.2 lakhs. The subsidiary contributed zero revenue and had negative net worth of around Rs 28.69 crore as of March 2026. The sale agreement was signed on June 30, 2026 with completion expected July 1, 2026. Buyers are not from the promoter group.