Rollatainers Limited — Important, 17-03-2025: General Updates

The Board of Directors has approved the divestment of shares in R T Packaging Limited, a material subsidiary, aiming to enhance liquidity and strengthen the company's balance sheet. The plan involves selling 2,24,99,900 equity shares and 2,00,000 preference shares before the end of April 2025. This strategic move aligns with the company's focus on sustainable long-term growth and exploring new business opportunities.

The divestment is significant as R T Packaging contributed 61% to the consolidated turnover in the last fiscal year, amounting to ₹1.19 crore, although its net worth was negative. The transaction, which involves a related party, W.L.D. Investments Private Limited, will be executed at an arm's length price based on an independent valuation. A special resolution for this sale will be presented to shareholders during an upcoming extraordinary general meeting, with completion expected after approval. This development suggests potential liquidity enhancements and a more focused strategic direction for the company.