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Windsor Machines LimitedImportant, 08-02-2025: General Updates

08-02-2025 | 02:19 pm

Windsor Machines has finalized the divestment of its subsidiary, Rcube Energy Storage Systems Private Limited, transferring its entire equity stake to Mr. Shailesh Fatechand Ranka under a Share Purchase Agreement. The subsidiary, which reported a net worth decline from INR 19.70 crore to INR 0.47 crore over the past year due to project viability issues, has ceased to be a part of Windsor Machines’ operations. The consideration for this sale was INR 40 lakhs. With this divestment, Windsor Machines can refocus its resources and strategic efforts, potentially leading to a positive outlook for its remaining business segments. Investors should monitor how this move impacts the company's operational efficiency and financial performance going forward.

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