Srivari Spices And Foods Limited — Important, 01-09-2025: Disclosure of material issue

#SrivariSpicesFoods #SSFL Update:

SSFL is selling 100% of its wholly-owned subsidiary, Srivari Supply Chain Private Limited (SSCPL), to promoter directors Mr. Narayan Das Rathi and Mrs. Neihaa Rathi for **Rs. 0.615 Cr**.

**The Issue:** A significant divestment and related-party transaction. SSCPL, which includes the 'Poushtik' D2C app, reported a turnover of **Rs. 11.67 Cr** and net worth of **Rs. 0.37 Cr** as of March 31, 2025.

**Possible Impact:** This move could streamline SSFL's operations, allowing a sharper focus on its core spice business. While it's a related-party sale, the company states it was done at an arm's length basis, approved by the Audit Committee and Board, and valued by a SEBI-registered merchant banker. Investors will watch if this leads to improved efficiency or a strategic shift away from direct-to-consumer logistics.

**Company's Response:** The Board has approved the sale, which is expected to be completed by September 30, 2025. The company emphasizes the arms-length nature of the transaction and independent valuation to ensure fairness.