25% shareholding of the subsidiary Pt.

Inda Bara Pratama is proposed to be transferred to PT BERK.AT NUSANTARA INDAH, an Indonesian company, for a consideration of USD 16 million.

In the last financial year, the subsidiary generated revenue of Rs. 558.01 Cr, contributing approximately 30.39% to the overall turnover, while its contribution to net worth is reported as Rs. (6.19) Cr.

The agreement was entered on January 24, 2025, with an expected completion date for the disposal by June 30, 2025. This transaction is not categorized as a related party transaction and does not relate to any arrangement under regulation 37A of LODR regulations, indicating a clean exit without regulatory complications.

Investors should monitor this divestment closely as it could impact the subsidiary's performance metrics and overall corporate strategy.