E.I.D. Parry divests full stake in Algavista Greentech for Rs.8 crores

E.I.D. Parry (India) Limited's board of directors, in a meeting held on September 19, 2025, approved the sale of its entire 50% stake in the joint venture company, M/s. Algavista Greentech Private Limited. The transaction, valued at Rs.8 Crores, will see the stake purchased by the other 50% joint venture partner, M/s. Synthite Industries Private Limited, which is not part of E.I.D. Parry's promoter group.

The divestment represents a minor portion of E.I.D. Parry's overall financial landscape, with Algavista Greentech contributing 0.046% to the company's FY 2024-25 revenue (Rs.1.46 Crores) and 0.4134% to its net worth (Rs.10.50 Crores). Definitive documents for the sale are expected to be signed in due course, with completion anticipated within three months from the announcement date.

This move aligns with the company's strategic decisions as outlined in the board meeting. The detailed disclosure follows SEBI's Listing Regulations.