Surana Telecom and Power Limited — Board Meeting, 19-02-2025: Outcome of Board Meeting

The Board has considered and approved the divestment of its 42% equity stake in Sunvibe Energy Private Limited, which will lead to Sunvibe becoming a subsidiary. The transaction is valued at ₹42 lakh (0.42 Cr), with expected completion by 21 February 2025. Sunvibe has not yet commenced business operations, resulting in no contribution to revenue or net worth from this entity during the last financial year. The acquisition is from SPM Power & Telecom Private Limited, which is not affiliated with the promoter group.