Richa Industries Ltd — Important, 03-12-2025: Company Update

Richa Industries Limited, currently undergoing liquidation, has successfully sold the company as a going concern. An e-auction was conducted on October 16, 2025, and the Consortium of M/s Kaveri Industries and Sh. Narendra Kumar Srivastava was identified as the successful bidder. A Letter of Intent was issued on October 18, 2025. Following the receipt of the full sale consideration, possession of Richa Industries was handed over to the successful bidder on November 27, 2025. This marks a significant and final step in the company's liquidation process.