Dhunseri Ventures Limited , a prominent Indian company, has announced a significant corporate action involving its Singapore-based subsidiary, Twelve Cupcakes Pte Limited. The company has issued a postal ballot notice to seek shareholder approval for the voluntary winding up of this material subsidiary.

Key Details of the Proposal

• Subsidiary Stake: Dhunseri Ventures holds an 81.83% stake in Twelve Cupcakes Pte Limited.
• Reason for Winding Up: The subsidiary cannot continue its business due to liabilities and does not contribute significantly to the consolidated turnover or profitability of Dhunseri Ventures.
• Board Approval Date: The proposal was approved by the board on October 29, 2025, following an audit committee recommendation.

Voting Process and Timeline

Implications of the Winding Up

1. Asset Disposal: The process may involve the sale, transfer, or disposal of assets exceeding 20% of the subsidiary's assets.
2. Control Cessation: It will result in Dhunseri Ventures ceasing control over the material subsidiary.
3. Corporate Restructuring: The move aims to rationalize the corporate structure, reduce administrative costs, and focus resources on core business activities.

Regulatory Compliance

The proposal requires shareholder approval in compliance with Regulations 24(5) and 24(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations govern the disposal of shares or assets in material subsidiaries by listed entities.

Shareholder Action Required

Eligible shareholders are encouraged to participate in the e-voting process to cast their votes on this important corporate action. The company has provided detailed instructions for the e-voting procedure in the postal ballot notice.

This strategic move by Dhunseri Ventures underscores the company's focus on optimizing its business operations and resource allocation. Shareholders will play a crucial role in determining the future of this Singapore-based subsidiary and, by extension, the company's international presence.

Dhunseri Ventures Limited, a key player in the Indian manufacturing sector, has announced a significant expansion of its BOPET (Biaxially Oriented Polyethylene Terephthalate) production capabilities. The company's board has approved an ambitious project at its Panagarh facility in West Bengal, marking a substantial investment in the polymer industry.

Expansion Details

The expansion plan, approved by the Dhunseri Ventures board, involves the following key aspects:

Financial Implications

Dhunseri Ventures, as the parent company, plans to infuse funds into its wholly-owned subsidiary, Dhunseri Poly Films Private Limited, to facilitate this expansion. The investment will be made in the form of equity, with funds being released periodically based on project requirements.

Strategic Outlook

This expansion represents a significant step for Dhunseri Ventures in strengthening its position in the BOPET market. The company has also indicated that a Phase II expansion in BOPP (Biaxially Oriented Polypropylene) at the Panagarh facility may be announced in the future.

Corporate Governance

The expansion plan was approved during a board meeting that commenced at 11:40 A.M. and concluded at 12:45 P.M. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Impact

While the immediate market reaction to this announcement remains to be seen, the substantial investment signals Dhunseri Ventures' confidence in the growth potential of the BOPET sector. The expansion could potentially enhance the company's production capacity and market share in the coming years.

Investors and industry observers will likely keep a close watch on the progress of this expansion project and its impact on Dhunseri Ventures' financial performance in the medium to long term.