Tulsyan NEC Sells Entire Stake in Subsidiary Sapient Packing

Tulsyan NEC Limited has approved the transfer/disinvestment of its entire 99.80% stake in its subsidiary, Sapient Packing Private Limited (SPPL). The transaction, approved via circular resolution on July 16, 2026, resulted in SPPL ceasing to be a subsidiary of Tulsyan NEC. The net revenue of SPPL for the last financial year was NIL, and its net worth was ₹1,00,000. The consideration received from the sale was ₹99,800. The buyer is Mrs. Alka Tulsyan, a member of the Promoter Group and wife of the Executive Chairman. The transaction is considered a related party transaction but is conducted on an arm's length basis.