Shri Bajrang Alliance Ltd. Approves Disinvestment Process for Partnership Interest in Shri Bajrang Chemical Distillery LLP

Shri Bajrang Alliance Ltd. has announced the approval of the initiation of the process for proposed disinvestment of its partnership interest in Shri Bajrang Chemical Distillery LLP (SBCD LLP). The decision comes in light of the significant outstanding borrowings of the LLP and the Company’s exposure by way of capital investment and corporate guarantees, which have had an impact on the Company’s leverage levels and credit profile. The Company aims to explore financial flexibility and capital resources for expansion of its core business operations, including the Food Business and Steel Rolling Business. The disinvestment decision is subject to valuation, mutual discussions with the LLP and its partners, contractual terms, and necessary statutory and other approvals.