Jindal Worldwide Limited — Others, 30-06-2025: Shareholders meeting

Jindal Worldwide Limited has announced a board meeting to approve the sale of 51% equity shares in its wholly-owned subsidiary, Goodcore Spintex Private Limited, to Mr. Yamunadutt Amilal Agrawal for Rs. 12.75 Crores. This will reduce Jindal’s stake to 49%, causing it to cease control over the subsidiary. The move is part of a strategic focus on core businesses and unlocking value from non-core assets. The sale proceeds will be used to strengthen Jindal’s core operations and explore growth opportunities. Shareholders will vote on this through a postal ballot with remote e-voting.