S H Kelkar and Company Limited — Important, 08-08-2025: Sale or disposal

The company's board has approved an internal corporate restructuring to align group entities with business units. This involves the sale of 100% equity stakes in two subsidiaries to Keva Fragrances Private Limited, a wholly owned step-down subsidiary. Keva UK Limited, with a net worth of Rs. (1.76) Cr, will be sold for approximately Rs. 20.48 Cr. Keva USA Inc., with a net worth of Rs. 5.50 Cr (0.43% of consolidated net worth), will be sold for about Rs. 17.54 Cr. Both entities had no revenue in the last financial year. These transactions are expected to complete by March 31, 2026, streamlining the operational structure.