Z-Tech (India) Limited — Important, 13-11-2024: Updates

The Board of Directors of Z-Tech (India) Limited has approved the sale of 576,000 equity shares in M/s. Inacces Geotechnical Solutions India Private Limited to M/s. Terramaya Enterprises Private Limited, a related party. This transaction is part of a strategy to streamline operations, as Z-Tech currently holds a 36% stake in Inacces, which will no longer be classified as an associate following the sale. The decision comes after a review by the Audit Committee, ensuring compliance with corporate governance standards. While this transaction does not exceed the prescribed thresholds for materiality under the company’s policies, it signifies a strategic shift that may influence Z-Tech’s future operational focus. Investors should watch closely for how this divestment will impact financial performance and strategic direction.