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Sastasundar Ventures Limited is a Core Investment Company (CIC) focusing on the business of digital network of healthcare and portfolio management services. The Company aims to provide healthcare services at a reasonable cost with its innovative information and knowledge based web portal.
HealthX, its subsidiary SHBL, and Envision India Fund struck a deal. Envision acquired Mitsubishi's SHBL stake. This agreement sets up SHBL's merger into HealthX, securing Envision's economic interest, with a share swap alternative if the merger fails. Envision also gains a potential board seat.
Sastasundar Ventures' 36th AGM is scheduled for September 26. The Annual Report for FY24-25 is now online. Shareholders with physical shares must update KYC and nomination details to ensure future electronic payments.
SASTASUNDAR VENTURES faces a 0.095 Cr penalty for KMP appointment rules, currently under appeal. The core business is wholesale pharma/OTC, leveraging digital platforms. Noteworthy shifts include zero related party investments (from 44%), increased accounts payable days to 21, and rising energy intensity.
Sastasundar Ventures will hold its 36th Annual General Meeting on September 26. The company has announced book closure for the AGM from September 20 to September 26.
Sastasundar Ventures has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. This amendment strengthens the company's commitment to timely and adequate disclosure of material information. The revised code aims to ensure uniformity, transparency, and fairness in dealings with all stakeholders, while reinforcing internal...