Nihar Info Global Limited's Board of Directors made significant strategic decisions during their meeting on March 18, 2026, approving the divestment of shareholding in subsidiary companies and withdrawing a previously proposed capital increase. The decisions reflect the company's strategic realignment and focus on optimizing its business portfolio.

Subsidiary Divestment Strategy

The Board approved the divestment of the company's shareholding in two subsidiary companies with different valuation approaches based on their respective business activities and financial positions.

Life 108 Healthcare Divestment Details

For Life 108 Healthcare Private Limited, the Board relied on a valuation report dated March 12, 2026, prepared by Ms. Maddula Durga Sushma, a Registered Valuer. The professional assessment determined the fair value at ₹50 per equity share, considering the subsidiary's ongoing business activities and financial performance.

Beastbells Media Strategic Exit

The divestment of Beastbells Media Private Limited follows a different rationale, as the Board noted the company has no significant business operations and negligible financial activity. Consequently, the divestment will proceed at the face value of ₹10 per share, eliminating the need for a formal valuation report.

Regulatory and Timeline Requirements

Both divestments are subject to specific approval processes and timeline constraints:

• Shareholder approval at the ensuing General Meeting
• Other applicable regulatory approvals as required
• Target completion before March 31, 2026

Strategic Policy Reversals

The Board also approved the withdrawal of two previously considered proposals, demonstrating a shift in strategic priorities.

Capital Structure Optimization

The withdrawal of the authorized share capital increase proposal reflects the company's assessment that current capital requirements are adequately met. The Board considered cost optimization and the avoidance of additional compliance requirements as key factors in this decision, indicating no immediate fund-raising or expansion plans.

Investment Strategy Realignment

The decision to drop the investment proposal in Life 108 Healthcare Private Limited aligns with the company's strategic shift toward divestment. The Board determined that further investment in the subsidiary no longer supports the company's business and financial objectives.

Meeting Details

The Board meeting commenced at 4:00 PM IST and concluded at 4:27 PM IST on March 18, 2026. The decisions were communicated to the Bombay Stock Exchange Limited as part of the company's regulatory disclosure obligations under applicable regulations.

Nihar Info Global Limited has announced a board meeting scheduled for March 18, 2026, to consider a significant divestment proposal involving its subsidiary companies. The meeting, set to commence at 4:00 PM, will address the potential divestment of the company's shareholding in two key subsidiaries.

Meeting Details and Regulatory Compliance

The board meeting has been scheduled in accordance with Regulation 29(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company formally notified the Bombay Stock Exchange on March 10, 2026, providing the mandatory eight-day advance notice for such corporate announcements.

Divestment Proposal Overview

The primary agenda item for the board meeting involves considering and approving the divestment of shareholding in two subsidiary companies. This strategic decision represents a significant corporate restructuring initiative that will require comprehensive board evaluation and subsequent shareholder approval.

Board Meeting Agenda

The comprehensive agenda for the March 18, 2026 board meeting includes several standard and strategic items:

• Election of the meeting Chairman and attendance confirmation
• Granting leave of absence where applicable
• Review of minutes from the previous board meeting held on February 13, 2026
• Primary Focus: Consideration and approval of the divestment proposal for subsidiary shareholdings
• Additional matters with Chairman's permission

Approval Process and Next Steps

The divestment proposal, if approved by the board, will be subject to shareholder approval at the company's General Meeting. This two-tier approval process ensures comprehensive stakeholder consultation for such significant corporate decisions. The company has indicated that the divestment will proceed only after obtaining the necessary shareholder mandate through the formal General Meeting process.

The announcement was signed by Divyesh Nihar Boda, Managing Director, emphasizing the strategic importance of this corporate development for Nihar Info Global Limited's future business direction.