Nitco Limited — Important, 13-03-2025: Updates

The company has completed the sale of its Wind Energy Business to Siva Green Energy India Private Limited, finalized with the signing of the Wind Energy Business Transfer Agreement. This transaction was executed on a slump sale basis, following the necessary approvals from shareholders. This divestiture reflects management's strategic decision to focus on core operations while potentially enhancing liquidity. Investors should note the implications of this sale on the company's upcoming financial health and operational focus, as it could signal a shift in strategic priorities and resource allocation.