Valencia Nutrition Ltd Approves Dissolution of Suryavathi Beverages, Plans Asset Sale to Subsidiary
Valencia Nutrition Limited (the Company) held a Board of Directors meeting on Thursday, April 23, 2026, and approved significant corporate actions, including the dissolution of Suryavathi Beverages and the subsequent sale of its assets to a wholly owned subsidiary.The Board approved the dissolution of Suryavathi Beverages, a partnership firm in which the Company holds a 99% stake, and Mr. Manish Turakhia holds the remaining 1%. The Company’s decision to dissolve the partnership firm aims to consolidate its holdings. Following the effective dissolution of Suryavathi Beverages, the Company will take over the assets, including machinery, worth Rs. 91,77,050/-.
Slump Sale Agreement to Subsidiary
Subsequently, the Company decided to sell or transfer these assets by way of a slump sale as a going concern. The transaction is targeted toward its Wholly Owned Subsidiary (WOS), Valencia Beverages and Superwater Private Limited.The Company entered into a Slump Sale Agreement with the Buyer, Valencia Beverages and Superwater Private Limited, on April 23, 2026.
The strategic rationale for the slump sale is internal restructuring, designed to enable the Buyer to focus management on the business as a going concern.
The key financial details of the transaction are as follows:
| Aspect | Detail |
|---|---|
| Assets Taken Over | Machinery worth Rs. 91,77,050/- |
| Buyer | Valencia Beverages and Superwater Private Limited (WOS) |
| Transaction Date | Slump Sale Agreement signed on April 23, 2026 |
| Slump Sale Consideration | Rs. 1,50,00,000/- (Rupees One Crore Fifty Lakh only) |
The slump sale consideration of Rs. 1,50,00,000/- was determined based on the market value of all assets, including plant and machinery. The sale/disposal is expected to be completed within 15 days, with the consideration paid to the Company as per the terms outlined in the Slump Sale Agreement.
Valencia Nutrition Limited is engaged in the business of developing, manufacturing, sale and distribution of nutraceutical products, while the Buyer, Valencia Beverages and Superwater Private Limited, focuses on the manufacturing, distribution, and trading of a diverse range of beverages. The Company noted that the transaction would not result in any changes to its shareholding pattern.
Stock Price Movement
At the close of trade on Tuesday, Valencia Nutrition Ltd settled at ₹78.25, marking a solid 2.96% climb for the shares. Throughout the day, the stock remained completely flat, locked at the ₹78.25 price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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