Tanvi Foods (India) Ltd — Board Meeting, 29-05-2025: Board Meeting

Tanvi Foods has announced a board meeting outcome approving the audited financial results for the half year and year ended March 31, 2025. The statutory auditors issued unmodified opinions on both standalone and consolidated results. The company has approved the divestment of its entire stake in its wholly-owned subsidiary, Squarepeg Distribution Services Pvt. Ltd., which had no turnover and a net worth of Rs. 67 lakhs as of March 2025. The sale consideration is Rs. 26.7 lakh, with the buyers being promoters and key management personnel. Funds raised through preferential allotments amounting to Rs. 35.84 Cr have been fully utilized as per the stated objectives, with no deviations reported.