Valecha Engineering Sells Entire Stake in Wholly-Owned Subsidiary

Valecha Engineering Ltd has decided to transfer its entire equity shares, comprising 42,000 shares of Rs. 10 each, in its wholly-owned subsidiary, Valecha Infrastructure Limited. The decision was made by the Board of Directors on June 5, 2026. The sale is expected to be completed by July 1, 2026, with a consideration of Rs. 4,20,000. The subsidiary contributed NIL to the company's turnover and revenue, but had a net worth of negative Rs. 28,692.41 Lakhs as of March 31, 2026. The transaction does not involve related parties and is not considered a slump sale.