Rithwik facility management services Limited has successfully completed its complete disinvestment from Rithwik Indus Power Private Limited, marking a significant corporate restructuring move. The company informed the Bombay Stock Exchange about this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Transaction Details

The disinvestment was completed on March 23, 2026, following an agreement that was originally entered into on November 20, 2025. The transaction was executed within the expected timeframe of six months from the date of the initial agreement.

Buyer Information

The disinvestment involved two buyers who acquired equal stakes in Rithwik Indus Power Private Limited:

The company has confirmed that neither of the buyers belongs to the promoter or promoter group companies, ensuring the transaction remains at arm's length.

Financial Impact

According to the regulatory disclosure, Rithwik Indus Power Private Limited contributed nil amount to the turnover, revenue, income, and net worth of Rithwik Facility Management Services Limited during the last financial year. This indicates that the subsidiary had minimal operational impact on the parent company's financial performance.

Regulatory Compliance

The transaction does not fall within the purview of related party transactions, as confirmed by the company in its filing. The disinvestment was completed in compliance with all applicable regulations and disclosure requirements under the SEBI LODR framework.

The filing was signed by S. Jayapandi, Company Secretary & Compliance Officer, ensuring proper corporate governance procedures were followed throughout the disinvestment process.

Rithwik facility management services Limited has notified the Bombay Stock Exchange regarding the payment of Rs. 61,150/- to the Income Tax Department. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Payment Details

The company has settled the tax demand raised by the Income Tax Department. This payment follows an earlier intimation made by the company on February 23, 2026, under the same regulatory framework.

Regulatory Compliance

The notification was submitted to the Bombay Stock Exchange as part of the company's ongoing compliance obligations. S. Jayapandi, Company Secretary & Compliance Officer, signed the intimation letter on behalf of Rithwik Facility Management Services Limited.

The company emphasized that this information is provided for the exchange's records and information purposes, maintaining transparency with stakeholders regarding material developments.