Worth Peripherals Limited — Important, 28-12-2024: General Updates

Worth Peripherals Limited has completed the acquisition of 100% equity shares in Worth Wellness Private Limited by purchasing 8,10,000 shares from existing shareholders for Rs. 81,00,000 (81 Cr). This acquisition increases Worth Peripherals’ ownership in Worth Wellness from 91% to 100%, making it a wholly owned subsidiary. Post-acquisition, Worth Peripherals holds 89,99,999 equity shares, with 1 share held by Mr. Raminder Singh Chadha as a nominee. The company will take necessary steps to formalize this acquisition with the Registrar of Companies. This move strengthens Worth Peripherals' control over its subsidiary, potentially enhancing operational synergies and strategic alignment.