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

The Board of Directors has approved the sale of equity and preference shares in R T Packaging Limited, a material subsidiary, aimed at enhancing liquidity and strengthening the company’s balance sheet. The divestment will involve selling 2,24,99,900 equity shares and 2,00,000 preference shares, with completion targeted before the end of April 2025. This strategic move is intended to focus resources on new ventures and ongoing business improvements. Shareholder approval will be sought through a General Meeting, and the transaction is expected to be executed at an arm's length price based on an independent valuation. With a negative net worth reported, this divestment could be pivotal for future financial health and potential shareholder value enhancement. Investors should monitor developments closely as details of the sale agreement and future projects are communicated.