Envair Electrodyne revises investment disposal plan

Envair Electrodyne Ltd's Board of Directors met on August 13, 2026, to consider and approve several matters. Key among these was the revision of the proposed mode for the sale or disposal of its investment in Alliance Asia Pac Pte. Ltd., Singapore. The company decided not to proceed with the earlier proposal to transfer the investment to individual promoters. Instead, the Board approved the transfer of 143,750 shares at USD 1.55 per share to DURATECH CEMENTS INDIA LIMITED (91,281 shares) and IMPERIAL MARKETING SERVICES INDIA PVT LTD (52,469 shares), subject to shareholder and other necessary approvals. A postal ballot notice will be issued to seek fresh shareholder approval for this revised transaction. The Board also approved the draft postal ballot notice for the sale/disposal of the investment in the foreign entity and the appointment of a scrutinizer for the postal ballot process. Additionally, the re-appointment of M/s. M.L. BHUWANIA AND CO LLP as Statutory Auditors for two years was recommended to shareholders for approval at the upcoming AGM. The Board also approved the Un-Audited Financial Results (Standalone) for the quarter ended June 30, 2026.