<h1>Valecha Engineering Limited to Transfer Equity Shares in Wholly-Owned Subsidiary</h1>
Valecha Engineering Limited announced a decision by its Board of Directors regarding the transfer of equity shares in its wholly-owned subsidiary, Valecha Infrastructure Limited. The transaction involves 42,000 equity shares of the subsidiary.
The transfer was decided during a Board meeting held on June 5, 2026. As part of this arrangement, the company intends to sell these shares to potential buyers.
According to disclosures made regarding the sale, the consideration received for the transfer includes the 42,000 Equity shares of Valecha Infrastructure Limited, each priced at Rs. 10/-. The total aggregate value of this transaction is Rs. 4,20,000/-, or Four Lakh Twenty Thousand only.
Key details regarding the sale and the subsidiary are provided below:
| Metric | Details |
|---|---|
| Subsidiary Net Worth (as on 31.03.2026) | (-) Rs. 28,692.41 Lakhs |
| Turnover or Revenue of Subsidiary | NIL |
| Sale Agreement Date | June 30, 2026 |
| Expected Completion Date of Sale/Disposal | July 1, 2026 |
The transaction was noted to be not related party in nature. The details regarding the buyers and whether any belong to the promoter or promoter group were stated as not applicable.
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