Raghuvir Synthetics Ltd. Completes Sale of Subsidiary Stake
Raghuvir Synthetics Limited announced the successful completion of the sale of its entire 51% shareholding in Dreamsoft Bedsheets Private Limited on March 30, 2026. This follows a board approval on March 27, 2026. As a result of the transaction, Dreamsoft Bedsheets Private Limited is no longer considered a subsidiary of Raghuvir Synthetics Limited.The consideration for the sale was Rs. 51,000. The buyers are Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal, who are also promoters of the company. The transactions were conducted at an arm's length basis.
According to audited financial statements as of the last financial year, Dreamsoft Bedsheets Private Limited contributed Rs. 5,000 in income and a net worth of (Rs. 1,710,000).
The table below provides further details regarding the transaction:
| Particulars | Description |
|---|---|
| Income | Rs. 5,000 |
| Net Worth | (Rs. 1,710,000) |
| Date of Agreement | March 27, 2026 |
| Completion Date | March 30, 2026 |
| Consideration | Rs. 51,000 |
| Buyers | Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal |
| Related Party Transaction | Yes, at arm’s length |
Additional details regarding the transaction are provided in a disclosure document.
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