REVISED DISCLOSURE: SALE OF 50% SHARES (EQUITY AND PREFERENCE) HELD BY THE COMPANY IN ITS WHOLLY OWNED SUBSIDIARY HIGH CLASS PROJECTS LTD TO EXPERTPRO REALTY PVT LTD (A NON RELATED PARTY), CONSEQUENTLY HIGH CLASS PROJECTS LTD HAS CEASED TO BE A SUBSIDIARY OF VIPUL LIMITED
VIPULLTD · price
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Awaiting price reaction for this filing.
Vipul Limited has entered into a revised agreement on June 20, 2025, to sell 50% of its equity and preference shareholding in its wholly owned subsidiary, High Class Projects Limited, to Expertpro Realty Private Limited for Rs. 4.375 crores. Post-transaction, High Class Projects will no longer be a subsidiary and will become an associate company. The subsidiary contributed Rs. 337.04 lakhs in revenue but reported a loss of Rs. 338.08 lakhs in the last financial year, making it a net loss-making unit. The buyer is confirmed as a non-related party with no promoter group connection. The transaction is expected to be completed by June 30, 2025.
For shareholders, this is a small-value divestiture of a loss-making subsidiary, likely a strategic cleanup rather than a material event. The stock price is unlikely to see significant movement, as the subsidiary was unprofitable and its contribution to the parent's revenue is minor. Investors should watch for any further disclosures on the use of sale proceeds and the impact on consolidated financials.