Sundaram Clayton Limited — Important, 27-03-2025: Sale or disposal

Sundaram-Clayton Limited has executed a Business Transfer Agreement to sell its high-pressure and low-pressure aluminium die-casting businesses at the Hosur plant to Sandhar Ascast Private Limited for a cash consideration of Rs. 163 crores, with Rs. 113 crores payable by March 29, 2025, and the balance by April 15, 2025. The divestment, contributing 17% to revenue and 2.1% to PAT in FY2023-24, aims to streamline operations and enhance shareholder value. This strategic move might be viewed positively by investors, indicating a focus on core business areas and potential for improved financial health.