QVC Exports Limited — Important, 17-09-2025: Disclosure of material issue

QVC Exports' board has approved the divestment of its 64% stake in Trafasa Technologies Pvt Ltd for ₹0.64 Cr.

**Issue:** QVC is selling its majority stake in a subsidiary.

**Impact:** This subsidiary was non-operational and not material to QVC, so there's no significant operational impact. QVC will receive ₹0.64 Cr from the sale.

**Concern for investors:** The buyer is Nilesh Kumar Sharma, a promoter and MD of QVC, making this a related-party transaction.

**Company's Response:** The company states the transaction was approved by its Audit Committee and Board, and is being executed at "arm's length."

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