Aarti Industries subsidiary sells stake in Shanti Intermediates
Aarti Corporate Services Limited, a wholly owned subsidiary of Aarti Industries, divested its entire 100% equity stake in Shanti Intermediates Private Limited for ₹150.18 lakhs. The transaction, completed on June 23, 2026, resulted in Shanti Intermediates ceasing to be a step-down subsidiary. The buyers, Mr. Vallabh Bachubhai Trada and Ms. Rekha Vallabhbhai Trada, are not part of the promoter group. The subsidiary had a negative net worth of ₹(147.80) lakhs as of March 31, 2026.
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Aarti Corporate Services Limited, a wholly owned subsidiary of Aarti Industries , has sold its entire 100% equity stake in Shanti Intermediates Private Limited for ₹150.18 lakhs. The transaction was completed on June 23, 2026, following which Shanti Intermediates ceased to be a step-down subsidiary of Aarti Industries. The sale was conducted at arm's length and falls within related party transactions.
The buyers were identified as Mr. Vallabh Bachubhai Trada and Ms. Rekha Vallabhbhai Trada. The disclosure confirmed that the buyers do not belong to the promoter or promoter group category of the listed entity. The agreement for the sale was entered into on the same date as the completion of the disposal.
Financial Impact of Subsidiary
According to the audited financial statements as on March 31, 2026, the subsidiary contributed marginally to the consolidated financials. Shanti Intermediates reported a total income of ₹880.55 lakhs, which represented 0.11% of the consolidated income. The net worth of the entity was negative at ₹(147.80) lakhs, constituting (0.02%) of the consolidated net worth.
Transaction Details
The filing submitted to the exchanges provided specific details regarding the financial metrics and the nature of the transaction. The following table summarizes the key particulars disclosed under the SEBI circular dated January 30, 2026.
| Particulars | Details |
|---|---|
| Date of Agreement | June 23, 2026 |
| Date of Completion | June 23, 2026 |
| Sale Consideration | ₹150.18 Lakhs |
| Buyers | Mr. Vallabh Bachubhai Trada & Ms. Rekha Vallabhbhai Trada |
| Promoter Group Affiliation | No |
| Related Party Transaction | Yes, conducted at arm's length |
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the sale was not part of a slump sale or a scheme of arrangement.
Historical Stock Returns for Aarti Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | -2.74% | -2.13% | +22.74% | +2.61% | -38.67% |
How will the proceeds from the sale be utilized by Aarti Industries?
Does this divestment signal a strategic shift towards exiting non-performing subsidiaries?
What impact will the removal of negative net worth have on Aarti Industries' consolidated financial ratios?
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