Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Om Infra has informed that the Company has proposed to divest its stake in its Subsidiary Chahel Infrastructures and Associate Sanmati Infradevelopers at an approved valuation. Chahel Infrastructures is not material subsidiary and has not been in business since long. Presently, the Company holds 94.64% shares in Chahel Infrastructures. Consequent to the above transaction, Chahel Infrastructures ceased to be the subsidiary of Om infra (the company). Sanmati Infradevelopers is an associate of the company and the company holds 25% shares in it. Consequent to the above transaction, Sanmati Infradevelopers ceased to be an associate of Om infra (the company). Details required to be furnished pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 to Stock Exchange is enclosed asAnnexure-1 & Annexure - II.
The above information is a part of company’s filings submitted to BSE.
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