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Voltas Ltd. — Capital/Financing Update 2025
Feb 28, 2025
60718_rns_2025-02-28_eac994e8-4aae-4962-8e75-6814b74425f6.pdf
Capital/Financing Update
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28[th] February, 2025
BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)
Dear Sirs,
Further to our letter dated 15[th] January, 2025, we wish to inform that pursuant to the satisfaction of Conditions Precedent and receipt of necessary approvals including remittance of the consideration amount, the transfer of the Company’s direct investment (92%) in Saudi Ensas Company for Engineering Services W.L.L. - Kingdom of Saudi Arabia to Universal MEP Projects Pte Limited - Singapore (UMPPL), has been completed on 28[th] February, 2025 and consideration of Rs. 61.84 crores has been received by the Company. As UMPPL is a step-down wholly owned subsidiary of the Company, the economic interest of the Company in Saudi Ensas Company for Engineering Services W.L.L. remains intact, and it continues to be a wholly owned subsidiary of the Company.
This is for your information and records.
Thanking you,
Yours faithfully,
For Voltas Limited
RATNESH Digitally signed by RATNESH PRASAD PRASAD RUKHARIYAR RUKHARIYAR Date: 2025.02.28 19:57:00 +05'30'
Ratnesh Rukhariyar Company Secretary & Compliance Officer