Sale13 Feb 2026, 05:52 pm
Nirav Commercials Ltd. Approves Sale of Aluminium Grills, Doors, and Windows Business to Hind Aluminium Industries Limited
AI Summary
Nirav Commercials Ltd. has approved the sale of its business of manufacturing and selling of aluminium grills, doors and windows under the brand name ‘Elesar Focchi’ to Hind Aluminium Industries Limited, a group company, on a slump sale basis. The transaction is a Material Related Party Transaction and is expected to be completed by March 31, 2026, subject to shareholder approval. The Undertaking contributed 99.16% of the total revenue and had a net worth of INR 2.11 crores as of March 31, 2025.
Key Highlights
- Nirav Commercials Ltd. has approved the sale of its aluminium grills, doors, and windows business to Hind Aluminium Industries Limited.
- The transaction is a Material Related Party Transaction and is expected to be completed by March 31, 2026.
- The Undertaking contributed 99.16% of the total revenue and had a net worth of INR 2.11 crores as of March 31, 2025.
- The sale is subject to shareholder approval.
- Hind Aluminium Industries Limited is a group company with common promoters and shareholders.