Rashi Peripherals Limited — Important, 17-06-2025: General Updates

Rashi Peripherals has sold its entire 51% stake in Znet Technologies, a non-material subsidiary, for Rs. 2 Cr. Znet contributed only 0.27% to turnover and reported a net worth deficit of Rs. 89.24 million in the last fiscal year. The buyer is an unrelated party. This divestment exits Rashi from a low-contribution, loss-making unit, potentially improving focus and resource allocation.