Nitco Limited — Important, 12-02-2025: General Updates

The Board of Directors has approved the sale and transfer of the Wind Energy Business, specifically six Wind Turbine Generators located in Maharashtra, to Siva Green Energy India Private Limited through a slump sale. The transaction, valued at ₹6.3 crore, is a strategic move to divest from non-core operations, enabling NITCO to focus on its primary business segments, potentially enhancing efficiency and profitability. The transfer is expected to be completed within 90 days, pending necessary approvals. This move demonstrates NITCO's commitment to streamline operations and focus resources on its core business areas, presenting a positive outlook for investors.