Dolphin Kitchen Utensils and Appliances Limited (formerly known as Sai Swami Metals and Alloys Limited) has completed the divestment of its wholly owned subsidiary, Bhagat Marketing Private Limited (BMPL). The board finalized and executed the transaction on December 17, 2025, selling 100% equity stake for Rs. 2.96 crore.

Transaction Completion Details

The company's board meeting held on December 17, 2025, formalized the complete divestment of BMPL. The transaction involved the sale of 97,400 equity shares, representing 100% of BMPL's paid-up and issued capital.

Financial Impact Assessment

BMPL represented a significant portion of the consolidated financials, making this divestment material for Dolphin Kitchen Utensils:

Buyer Information and Related Party Transaction

The transaction involves promoter group participation, with Mr. Nipun Anantlal Bhagat acquiring 80% shareholding in BMPL. As Chairman cum Managing Director and part of the promoter group, this constitutes a related party transaction conducted at arm's length basis.

Regulatory Compliance and Approvals

Dolphin Kitchen Utensils has fulfilled all regulatory disclosure requirements under SEBI (LODR) Regulations, 2015. The company confirmed compliance with Regulation 30 and related SEBI circulars. The final completion remains subject to receiving all necessary regulatory approvals, with an estimated completion date of December 31, 2025.

This strategic divestment marks a significant corporate restructuring for Dolphin Kitchen Utensils, reducing its subsidiary portfolio while generating substantial proceeds from the transaction.

Sai Swami Metals & Alloys Limited (SSMLL) has announced a strategic move to expand its operations internationally. The company's Board of Directors has approved a proposal to either incorporate a wholly owned subsidiary or acquire an existing company in Dubai, United Arab Emirates. This new entity will focus exclusively on IT-related and steel business operations, marking a significant step in SSMLL's growth strategy.

Key Details of the Expansion

• Ownership Structure: SSMLL will hold 100% shareholding in the new entity, with complete voting rights and authority to appoint directors.
• Share Capital: The proposed subsidiary will have an initial share capital of 1,00,000.
• Funding Method: The initial subscription will be made through cash, banking channels, or other approved forms.
• Management: Nipun Anantlal Bhagat, the Chairman cum Managing Director of SSMLL, will serve as the nominee shareholder and manager in the proposed company, subject to approval by concerned authorities.

Strategic Implications

This move signifies SSMLL's intent to expand its footprint in the IT and steel sectors, leveraging Dubai's strategic location and business-friendly environment. The decision to either incorporate a new subsidiary or acquire an existing company provides flexibility in SSMLL's approach to entering the Dubai market.

Regulatory Compliance

The company has ensured compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the proposal were disclosed in a board meeting held on July 28, 2025, which commenced at 07:00 PM and concluded at 07:30 PM.

Looking Ahead

While specific financial projections for the new entity are not yet available, this expansion is expected to enhance SSMLL's capabilities in IT-related services and steel operations. The move aligns with the company's strategy to diversify its business portfolio and tap into international markets.

Investors and stakeholders will be keenly watching how this expansion unfolds and its potential impact on SSMLL's overall business performance in the coming years.