Constronics Infra Subsidiary Becomes Subsidiary Post Share Transfer

Constronics Infra Ltd has transferred shares in its wholly-owned subsidiary, Constronics Energy Solution Private Limited, to captive users ELGI Equipments Limited and Tablets (India) Limited. This transaction results in Constronics Energy Solution ceasing to be a wholly-owned subsidiary and becoming a subsidiary of Constronics Infra, with the latter retaining a 68.85% shareholding. The shares were transferred at face value, aggregating to ₹2.80 Crores. The buyers are not related parties to Constronics Infra. The subsidiary operates as a Captive Generating Plant.