Veritas (India) Ltd — Important, 03-12-2025: Company Update

The company's Board has in-principally approved the sale of assets worth Rs. 1170 Crore and liabilities worth Rs. 720 Crore of its material subsidiary, Verasco FZE, to Inergy FZE for a base consideration of Rs. 450 Crore. This strategic move aims to streamline operations and unlock value. The transaction is contingent on shareholder approval via postal ballot and execution of definitive agreements. Additionally, the Board also approved the postal ballot for the appointment of Mr. Sunil Sehgal as a Non-Executive Non-Independent Director.