Disclosure of material issue

QVC Exports' board has approved the divestment of its 64% stake in Trafasa Technologies Pvt Ltd for ₹0.64 Cr. **Issue:** QVC is selling its majority stake in a subsidiary. **Impact:** This subsidiary was non-operational and not material to QVC, so there's no significant operational impact.

QVC will receive ₹0.64 Cr from the sale. **Concern for investors:** The buyer is Nilesh Kumar Sharma, a promoter and MD of QVC, making this a related-party transaction. **Company's Response:** The company states the transaction was approved by its Audit Committee and Board, and is being executed at "arm's length." #QVCE #CorporateAction #Divestment