StockWatch
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Passenger Cars & Utility Vehicles
Board Meeting9 Nov 2026, 05:10 pm

Olectra Greentech Approves Financial Results and Disinvestment

AI Summary

Olectra Greentech Limited announced that its Board of Directors approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also approved the disinvestment of the company's entire 34% equity shareholding in Evey Trans (UJJ) Private Limited, an associate company, to Evey Trans Private Limited for an aggregate consideration of ₹34,000. This transaction is considered a related party transaction and is conducted at arm's length in the ordinary course of business. The sale is expected to be completed within the next three months.

Key Highlights

  • Board approved unaudited financial results for Q2 and H1 FY27.
  • Approved disinvestment of 34% stake in Evey Trans (UJJ) Private Limited.
  • Sale consideration for associate company stake is ₹34,000.
  • Transaction is with a related party and at arm's length.
  • Disinvestment expected to complete within three months.