Deals11 Feb 2026, 02:25 pm
Sandhar Technologies Ltd. Approves Slump Sale of Unit to Wholly Owned Subsidiary
AI Summary
Sandhar Technologies Ltd. held a Board Meeting on February 11, 2026, where they approved the slump sale of a unit to their wholly owned subsidiary, Sandhar Ascast Private Limited. The sale initially excluded the land and building, but due to business development, the Board decided to include them in the sale. The company's un-audited financial results for the quarter and nine months ended on December 31, 2025, were also approved and taken on record. The company's auditor, BSR & Co. LLP, issued a limited review report, stating that nothing came to their attention that would cause them to believe that the financial results contained any material misstatement.
Key Highlights
- Sandhar Technologies Ltd. approved the slump sale of a unit to their wholly owned subsidiary, Sandhar Ascast Private Limited.
- The sale initially excluded the land and building, but due to business development, the Board decided to include them in the sale.
- The company's un-audited financial results for the quarter and nine months ended on December 31, 2025, were approved and taken on record.
- BSR & Co. LLP issued a limited review report, stating that nothing came to their attention that would cause them to believe that the financial results contained any material misstatement.