Vipul Limited, a prominent company in the industry, has announced a significant development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has entered into an agreement to disinvest its 33.33% stake in Mudra Finance Limited, an associate company, for a total consideration of Rs. 3.10 Crore. This marks the end of Vipul Limited's association with Mudra Finance, and upon the completion of this transaction, Mudra Finance will no longer be considered an associate of Vipul Limited.

The details of the transaction include:

• Amount and percentage of turnover/revenue: The Mudra Finance company did not contribute to the turnover or revenue of Vipul Limited in the last financial year. However, Mudra Finance did contribute a profit of Rs. 9,63,182 during the same period.

• Date of agreement: The agreement for the sale of the stake was entered into on January 9, 2025.

• Expected completion of sale: The sale is expected to be completed by January 24, 2025.

• Consideration received: Rs. 3.10 Crore was the consideration for the sale of the 33.33% stake.

The buyer, Mudra Finance Limited, does not belong to the promoter group or group companies of Vipul Limited. Additionally, the transaction is not a related party transaction, and it is being conducted at arm’s length.

This sale and the subsequent termination of the relationship with Mudra Finance fall outside the scope of any Scheme of Arrangement, and as a result, the transaction does not require compliance with Regulation 37A of the LODR Regulations.

For investors and stakeholders, the sale represents a strategic move by Vipul Limited to streamline its operations and focus on its core business. The company’s decision to disinvest its stake in Mudra Finance will not impact its operations or overall growth strategy significantly.

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