B.C. Power Controls Ltd — Updates, 07-08-2025: Company Update

B.C. Power Controls' board has approved the financial results for the quarter. In a key strategic decision, the company will divest its entire holding in wholly-owned subsidiary Proxima Industries Private Limited. Proxima, deemed a non-material subsidiary, contributed 0.10 Cr to net worth and 0 Cr to turnover in the last financial year. The divestment, valued at 0.10 Cr, will be to two company directors, Mr. Chander Shekhar Jain and Mr. Nitin Aggarwal. Auditors noted the subsidiary's quarterly revenues of 0.06 Cr and profit of 0.0003 Cr were based on management figures, but their overall review report on consolidated results remains unmodified.