Raghuvir Synthetics Ltd. Approves Sale of Subsidiary Stake
Raghuvir Synthetics Limited announced on March 27, 2026, that its Board of Directors approved the sale of its entire 51% shareholding in Dreamsoft Bedsheets Private Limited. This transaction will result in Dreamsoft Bedsheets Private Limited ceasing to be a subsidiary of Raghuvir Synthetics Limited.The Board meeting took place on March 27, 2026, commencing at 6:00 P.M. and concluding at 6:45 P.M.
The proposed sale is to Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal, who are also promoters of the company. The transaction will be conducted at an arms-length basis for a consideration of Rs. 51,000. The expected completion date is March 31, 2026.
According to the audited financial statements, Dreamsoft Bedsheets Private Limited contributed an income of Rs. 5,000 and a net worth of (Rs. 1,710,000) during the last financial year.
The details of the transaction are as follows:
| Particulars | Description |
|---|---|
| Income | Rs. 5,000 |
| Net Worth | (Rs. 1,710,000) |
| Date of Agreement | March 27, 2026 |
| Expected Completion Date | March 31, 2026 |
| Consideration | Rs. 51,000 |
| Buyers | Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal (promoters of the Company) |
| Related Party Transaction | Yes, conducted at arms length basis |
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