Sandhar Technologies Ltd. to Exit Joint Ventures with Kwangsung Corporation Ltd., Aligning with Strategic Objectives

Sandhar Technologies Ltd. has entered into a Share Purchase Agreement with Kwangsung Corporation Ltd. to sell its entire stake in two joint venture companies, Kwangsung Sandhar and Kwangsung Sandhar Automotive Systems Private Limited. The decision to exit these ventures aligns with the company's strategic objective of streamlining its business operations and concentrating on its core competencies. The total consideration for the sale is INR 11,07,11,060. The transaction does not fall under related party transactions and is not part of a scheme of arrangement.