Voltas Limited — Board Meeting, 13-03-2025: Outcome of Board Meeting

The Board has approved the transfer of ongoing projects and projects under the Defects Liability Period from its Dubai and Abu Dhabi branches to Universal MEP Contracting L.L.C., a wholly owned subsidiary. This transfer, structured as a slump sale, includes related assets and liabilities and aims to streamline Voltas' international operations under a separate entity. The financial implications signal that the Dubai and Abu Dhabi branches contributed ₹ 270.39 crore to Voltas’ revenue last fiscal year. The expected sale consideration ranges between ₹ 45 crore to ₹ 70 crore, pending necessary approvals and final adjustments.