Annapurna Swadisht Limited — Important, 23-01-2025: General Updates

The Board of Directors of Annapurna Swadisht Limited has entered into a Share Purchase Agreement for the transfer of 100% equity shares of its wholly owned subsidiary, Darsh Advisory Private Limited (DAPL), to Sumit Sengupta and Rachna Suman Shaw. The transaction is valued at Rs. 15 Crores and is expected to be completed by March 31, 2025. The proceeds will be utilized to repay the company’s debt. Following this transaction, DAPL will no longer be a subsidiary. Notably, both buyers have connections to the promoter group, with Sengupta serving as a Director at DAPL and Shaw being related to a promoter of Annapurna Swadisht Limited. This divestment presents a strategic move to strengthen the company’s financial position and manage debt efficiently. Investors should watch closely for subsequent developments regarding this sale’s completion.