Shanti Overseas Divests 51 Percent Revenue Subsidiary For Rs 4,560

Board approved divestment of 100% stake in material subsidiary Shaan Agro Oils & Extractions (4,56,000 shares) to Abhishek Shivhare for Rs 4,560, subject to shareholder special resolution. Shaan contributed 51.13% of FY26 total income at 962.94 Cr with negative net worth of 81.87 Cr; token price implies exit of loss-making unit to focus on core business. Post deal Shaan ceases to be subsidiary; completion by Oct 30, 2026. Buyer non-promoter, non-RPT; proceeds for general corporate purposes.