Nahar Industrial Enterprises Limited (NIEL) has announced its decision to discontinue business operations in its wholly owned subsidiary, Logipark Kolkata Private Limited, and dispose of its entire shareholding. This move comes just months after the subsidiary's incorporation, signaling a swift change in the company's strategic direction.

Subsidiary Details

Logipark Kolkata Private Limited, incorporated on April 8, 2025, was a short-lived venture for NIEL. The subsidiary had a net worth of Rs. 1.00 lakh and had not generated any turnover since its inception.

Divestment Details

NIEL plans to transfer 10,000 equity shares of Rs. 10.00 each on September 19, 2025. The consideration for this transaction is set at Rs. 1.00 lakh, matching the subsidiary's net worth. The buyers have been identified as Mr. Om Prakash, Mr. Jugjiven Singh, and others, none of whom belong to the promoter or promoter group of Nahar Industrial Enterprises Limited.

Transaction Specifics

Regulatory Compliance

The company has confirmed that this transaction does not fall within the category of related party transactions. This information was disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Market Impact

As the subsidiary had not commenced any significant operations and had no turnover, the impact of this divestment on Nahar Industrial Enterprises Limited's financials is expected to be minimal. However, this move may reflect the company's strategy to streamline its operations and focus on core business activities.

Nahar Industrial Enterprises Ltd. has reported its financial results for the quarter ended June 30, 2025, along with several key board decisions.

Financial Highlights

• Net Sales: The company reported net sales of ₹387.62 crore for the quarter.
• Net Profit: Net profit for the quarter stood at ₹3.99 crore.

Segment Performance

Nahar Industrial Enterprises operates primarily in two segments: Textile and Sugar. The segment-wise revenue breakdown for the quarter is as follows:

Board Decisions

In a board meeting held on August 12, 2025, Nahar Industrial Enterprises made several key decisions:

1. Financial Results Approval: The board approved the un-audited financial results for the quarter ended June 30, 2025.

2. Director Reappointments:

   • Sh. Abhinav Oswal was re-appointed as an Executive Director (Whole Time Director) for a further period of 5 years, from September 1, 2025, to August 31, 2030.
   • Three Independent Directors were re-appointed for a second term of 5 years starting August 14, 2025:
     • Dr. Manisha Gupta
     • Dr. Roshan Lal Behl
     • Sh. Parvinder Singh Pruthi

3. Annual General Meeting: The Annual General Meeting of the company is scheduled for September 29, 2025.

All appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Outlook

Nahar Industrial Enterprises' financial results for Q1 FY2026 demonstrate the company's continued operations in the current market conditions. The reappointment of key directors suggests a focus on maintaining leadership continuity and strong corporate governance.

Investors and stakeholders will likely monitor the company's performance in the coming quarters, particularly in its textile and sugar segments, which form the core of its business operations.