Company Update

Royal India Corporation's wholly-owned subsidiary, Suryam India Minecorp Private Limited, has completed the sale of 10% equity shares in Exclusive Quarries Private Limited (EQPL) to Sumantra Techsoft Private Limited for Rs. 1.44 Cr.

Following this divestment, EQPL is no longer a step-down subsidiary of Royal India Corporation.

This strategic move streamlines the company's structure by reducing its stake in EQPL, potentially allowing for a sharper focus on core operations or capital redeployment.