Rithwik Facility Management Services Completes Divestment of Rithwik Indus Power Private Limited
Rithwik Facility Management Services Ltd announced the completion of its 100% disinvestment from Rithwik Indus Power Private Limited on March 23, 2026. The transaction, initiated on November 20, 2025, concluded six months later.The sale consideration for the divestment amounted to Rs. 20,00,000, received from Rishabh Infopark Private Limited and Hanudev Infopark Private Limited, who acquired 5000 shares each. Neither buyer is associated with Rithwik Facility Management Services’ promoters or promoter group companies. The transaction was conducted at arm’s length.
The unit did not contribute any revenue or networth during the last financial year.
| S.No. | Particulars | Details |
|---|---|---|
| 1 | The amount and percentage of the turnover or revenue or income and networth contributed by such unit or division of the listed entity during the last financial year. | NIL |
| 2 | Date on which the agreement for sale has been entered into | November 20, 2025 |
| 3 | The expected date of completion of such sale/ disposal | Six months from the date of agreement, completed on 23.03.2026 |
| 4 | Consideration received from such sale/ disposal | Rs.20,00,000/- (Rupees Twenty Lakhs Only) |
| 5 | Brief details of buyers and whether any of the buyers belong to promoter / promoter group companies | l. Rishabh Infopark Private Limited - 5000 Shares. 2. Hanudev lnfopark Private Limited - 5000 Shares. Buyers do not belongs to promoters/promoters group |
| 6 | Whether the transactions would fall within realated party transactions ? If Yes, whether the same is done at ,, arms length,, | No |
| 7 | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation I merger, shall be diosclosed by the listed entity with respect to such slump sale | Not applicable |
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