OM INFRA LIMITED — Important, 18-03-2025: General Updates

Om Infra Limited has executed a sale agreement where its wholly-owned subsidiary, High Terrace Realty Private Limited, has transferred 50% equity shares of Ultrawave Projects Private Limited to Jupiter Metal Pvt. Ltd. for a total consideration of ₹1.51 crore (cr) at ₹3,030 per share. With this transfer, Ultrawave Projects ceases to be an associate of the company. The transaction is categorized as a related party transaction and will be completed by March 21, 2025. As part of the promoter group, Jupiter Metal's involvement in the transaction is noted. This divestment could streamline Om Infra’s operations and focus on core business areas, representing a strategic realignment. Investors should watch closely to gauge any broader implications for future growth and operational efficiency.