Standard Industries Limited (SIL) has announced a significant divestment move, approving the sale of its entire shareholding in Duville Estates Private Limited. The decision, made by SIL's Board of Directors on August 25, 2025, marks a complete exit from its investment in the real estate firm.

Transaction Details

The sale involves 14,47,714 equity shares, representing 9.64% of Duville Estates' share capital. The shares are priced at Rs. 212.00 per share, valuing the transaction at approximately Rs. 30.69 crore. Following this divestment, Standard Industries will no longer hold any shares in Duville Estates Private Limited.

Timeline and Execution

The company expects to complete the sale by September 30, 2025. SIL has indicated that the transaction may be executed in one or more tranches, providing flexibility in the divestment process.

Regulatory Compliance and Relationship Clarification

In its regulatory filing, Standard Industries emphasized that this transaction does not fall under the category of a related party transaction. The company also clarified that Duville Estates is not an associate company of SIL. Furthermore, SIL stated that none of its promoters, promoter group, or group companies have any interest in this transaction.

Strategic Move

This divestment appears to be a strategic decision by Standard Industries, potentially aimed at streamlining its investment portfolio. The company's board has determined that the sale is in the best interest of SIL, though specific reasons for the divestment were not disclosed in the announcement.

Market Implications

While the immediate market reaction remains to be seen, this move by Standard Industries could signal a shift in its investment strategy or a reallocation of resources. Investors and market analysts will likely be watching closely to see how SIL utilizes the proceeds from this sale and what it might mean for the company's future direction.

Standard Industries Limited's decision to exit its investment in Duville Estates Private Limited represents a significant corporate action, reflecting the dynamic nature of investment strategies in the current business environment. As the transaction unfolds over the coming weeks, more details may emerge about the implications of this move for both companies involved.

Standard Industries Limited , a diversified company operating in property, trading, and manufacturing sectors, has announced its financial results for the first quarter of the fiscal year, ending June 30.

Financial Performance

The company reported a consolidated net loss of ₹101.99 crore for Q1, showing an improvement from the ₹137.97 crore loss recorded in the same quarter of the previous year. Despite the continued losses, Standard Industries witnessed a significant uptick in its revenue from operations, which rose to ₹1,049.49 crore, marking a substantial 53.5% increase from ₹683.70 crore in the corresponding quarter of the previous year.

Segment-wise Performance

Standard Industries' performance across its business segments for Q1 was as follows:

The trading division emerged as the primary revenue generator, contributing ₹796.84 crore to the quarterly revenue. The manufacturing segment added ₹252.65 crore, while the property division did not report any revenue for the quarter.

Operational Highlights

• Total expenses for the quarter stood at ₹1,447.66 crore, with significant contributions from purchases of stock-in-trade and other expenses.
• The company's finance costs amounted to ₹66.09 crore for the quarter.
• Depreciation and amortization expenses were reported at ₹67.09 crore.

Balance Sheet Overview

As of June 30, Standard Industries reported:

• Total segment assets of ₹8,055.64 crore
• Total segment liabilities of ₹783.03 crore
• Unallocable assets of ₹9,074.21 crore
• Unallocable liabilities of ₹4,502.68 crore

Earnings Per Share

The basic and diluted earnings per share (EPS) for the quarter were both negative at ₹0.16, compared to negative ₹0.21 in the corresponding quarter of the previous year.

Management Commentary

The company's board of directors approved these unaudited financial results at a meeting held on August 1. Standard Industries continues to focus on its core business segments while managing its property division, which comprises assets in excess of business needs that the company may liquidate based on market conditions.

Standard Industries maintains its investment of ₹5,969.82 lakhs in its wholly-owned subsidiary, Standard Salt Works Limited, citing the long-term strategic nature of the investment in leasehold rights to salt pans and the growth prospects of the subsidiary.

Investors and stakeholders seeking additional information or wishing to register complaints can use the company's dedicated email: standardgrievances@rediffmail.com .

The company's financial performance reflects a mixed picture with improved revenues but continued losses. Standard Industries' focus on its trading and manufacturing segments appears to be driving top-line growth, while efforts to manage expenses and improve profitability across all divisions continue.