Olectra Greentech Limited’s Board of Directors has approved the disinvestment of its entire 34% equity shareholding in Evey Trans (UJJ) Private Limited, an associate company. The sale will be executed to Evey Trans Private Limited for an aggregate consideration of ₹34,000. This transaction falls within the ordinary course of business and is considered an arm’s length transaction. The company also approved the Un-Audited Financial Results for the second quarter and half year ended September 30, 2026.
Board Approves Strategic Disinvestment
Olectra Greentech Limited announced on November 9, 2026, that its Board of Directors has approved the sale of its entire 34% equity stake in its associate company, Evey Trans (UJJ) Private Limited. The buyer for this stake will be Evey Trans Private Limited, with the transaction valued at an aggregate consideration of ₹34,000 (Rupees Thirty Four Thousand Only).
Financial Results Declared
In addition to the disinvestment, the Board also reviewed and approved the Un-Audited Financial Results for the second quarter and half year ended September 30, 2026. The company also noted and took on record the Limited Review Reports submitted by its Statutory Auditors for these periods. The approved results include standalone and consolidated statements of financial results, assets and liabilities, and cash flows.
Transaction Details
The divestment of shares in Evey Trans (UJJ) Private Limited is considered to be an arm’s length transaction and falls within the ordinary course of business. Both the buyer and Olectra Greentech Limited are under the common control of MEIL Holdings Limited, the promoter of Olectra. The Share Purchase Agreement is yet to be executed, with the transaction expected to be completed within the next three months.
Financial Performance Highlights (Standalone)
For the quarter ended September 30, 2026, Olectra Greentech Limited reported a Net Profit after tax of ₹5,092.19 Lakhs, a significant increase from ₹2,319.43 Lakhs in the prior year quarter. Revenue from operations stood at ₹67,737.31 Lakhs. For the six months ended September 30, 2026, Net Profit after tax was ₹5,092.19 Lakhs, with revenue from operations at ₹1,24,401.71 Lakhs.
Financial Performance Highlights (Consolidated)
On a consolidated basis, for the quarter ended September 30, 2026, Net Profit after tax attributable to equity holders of the Parent was ₹5,293.80 Lakhs. Total Comprehensive Income attributable to equity holders stood at ₹5,206.73 Lakhs. For the six months ended September 30, 2026, Net Profit after tax attributable to equity holders of the Parent was ₹7,888.77 Lakhs, with Total Comprehensive Income at ₹7,873.05 Lakhs.
Source: BSE
