Pratham EPC Projects Limited — Important, 13-03-2025: Updates

The company has informed that its members approved the disinvestment of a 52% stake in the subsidiary Pipeflow Integrity India Private Limited during an Extraordinary General Meeting. The sale, expected to be completed by March 13, 2025, will generate a consideration of ₹7.80 lakh. In the last financial year, Pipeflow reported a turnover of ₹1.36 crore and a net worth of ₹0.12 crore. The buyer, Subudhi Sagarika Sanjeevkumar, is unrelated to the company's promoters, and the transaction does not qualify as a related party transaction. This divestment marks a strategic shift that may positively impact the company’s capital allocation moving forward. Investors should watch closely for further developments regarding how this aligns with the company's long-term goals.