Voltas Limited — Important, 15-01-2025: Updates

The transfer of Voltas Limited's 100% investment in Weathermaker FZE, UAE to Universal MEP Projects Pte Limited, Singapore has been successfully completed, with the company receiving a consideration of ₹30 crores. Importantly, Weathermaker FZE remains a wholly owned subsidiary, preserving Voltas's economic interest in it. Additionally, the company is aiming to complete the transfer of its direct investment in Saudi Ensas Company for Engineering Services and Trading LLC to UMPPL by March 31, 2025, or another mutually agreed date. This strategic move may enhance operational synergies and streamline investments in the region.