Shareholding4 Feb 2026, 05:41 pm
Nirav Commercials Ltd Approves Aluminium Business Sale to Hind Aluminium Industries Ltd for Rs. 1.25 Crores
AI Summary
Nirav Commercials Ltd has approved the sale of its Aluminium business under the brand name 'Elesar Focchi' to Hind Aluminium Industries Ltd. The transaction is a Material Related Party Transaction, with a total consideration of Rs. 1.25 Crores. The sale is expected to be completed by 31/03/2026, subject to shareholder approval. The Aluminium business contributed 100% of the revenue and 972.64 Lakhs respectively to Nirav Commercials Ltd's networth as per the last audited financial statements on March 31, 2025.
Key Highlights
- Nirav Commercials Ltd approves the sale of its Aluminium business to Hind Aluminium Industries Ltd
- Transaction value is Rs. 1.25 Crores
- The sale is a Material Related Party Transaction
- Expected completion date is 31/03/2026
- The Aluminium business contributes 100% of the revenue and 972.64 Lakhs to Nirav Commercials Ltd's networth