Bharatam Ventures Limited has announced the completion of its subsidiary sale transaction, divesting Exuberant Systems Private Limited to ANS Buggy LLP for Rs 4.68 crore. The company informed BSE Limited about this corporate restructuring move through a regulatory filing dated 1st April 2026.

Transaction Details

The divestment was executed through a comprehensive Share Purchase Agreement that transferred the entire equity shareholding of Bharatam Ventures Limited in its subsidiary company. The board of directors approved this strategic decision during their meeting held on 31st March 2026, which commenced at 12:00 PM and concluded at 07:00 PM.

Financial Impact and Subsidiary Profile

Exuberant Systems Private Limited, incorporated on 6th August 2014, had minimal financial contribution to the parent company's operations. The subsidiary's performance metrics as of 31st March 2025 showed zero contribution to both consolidated income and net worth.

Buyer Information and Transaction Nature

ANS Buggy LLP, the acquiring entity, operates from Flat No. A-1402, Pittie Courtyard, Sr. No. 30/1, Vadgaon Sheri, Pune – 411014, Maharashtra. The company has confirmed that the buyer does not belong to the promoter or promoter group companies of Bharatam Ventures Limited.

The transaction structure ensures compliance with regulatory requirements:

• Related Party Status: Not a related party transaction
• Transaction Nature: Conducted at arm's length
• Regulatory Compliance: Disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015

Corporate Impact

Following the completion of this share transfer, Exuberant Systems Private Limited will cease to be a subsidiary of Bharatam Ventures Limited. This divestment represents part of the company's strategic portfolio optimization, allowing focus on core business operations while generating capital from non-contributing assets.

The transaction was signed by Managing Director Abhinath Shinde (DIN: 07076684) and has been duly reported to the stock exchange authorities for regulatory compliance and investor transparency.

Bharatam Ventures Limited (formerly known as Pet Plastics Limited) has announced the resignation of its Executive Managing Director, Mr. Ritesh Vijay Vakil, effective from March 28, 2026. The resignation was formally communicated to BSE Limited following a board meeting held on the same date.

Board Meeting and Regulatory Disclosure

The Board of Directors convened on March 28, 2026, with the meeting commencing at 01:00 PM and concluding at 08:00 PM. The primary agenda item was to take note of the resignation of Mr. Ritesh Vijay Vakil from his position as Executive Managing Director. The company has ensured full compliance with regulatory requirements by providing comprehensive disclosures under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Executive Director Resignation Details

Mr. Ritesh Vijay Vakil, holding Director Identification Number (DIN) 00153325, submitted his resignation from the Board of Directors with immediate effect from the close of business hours on March 28, 2026. In his resignation letter, Mr. Vakil clearly stated that his decision to step down was due to a change in control of the company, with no other material reasons cited for the departure.

Regulatory Compliance and Documentation

The disclosure includes all necessary information as mandated by SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 and follows the requirements under Regulation 30 and Schedule III of SEBI Listing Regulations. Mr. Vakil expressed his gratitude to the Board for their support and guidance during his tenure as Managing Director. The resignation letter has been forwarded to the concerned Registrar of Companies and stock exchanges where the company's equity shares are listed.

Company Information and Leadership

Bharatam Ventures Limited, formerly known as Pet Plastics Limited, is headquartered at Signature Business Park in Chembur, Mumbai. The company operates under CIN L66190MH1985PLC037217 and maintains its listing on BSE with scrip code 524046. Mr. Abhinath Shinde continues in his role as Managing Director with DIN 07076684, having digitally signed the board meeting documentation.