Valencia Nutrition Board Approves Five Slump Sales To Promoter-Linked Subsidiaries

The Board proposed, subject to shareholder approval, slump sales of five undertakings to newly incorporated entities 75% owned by Valencia Nutrition and 25% by promoter Manish Turakhia, with consideration comprising subsidiary shares and IPR payments. Ashish Kamdar was appointed Executive Director, while Paresh Desai resigned. Context: formalizes the new-entity pipeline.