Sarla Performance Fibers Ltd

Sarla Performance Fibers Sells Subsidiary Preference Shares for $121K 💼

- Sold 11 preference shares in Sarla Flex Inc., USA to STAR EXIM GENERAL TRADING L.L.C.

- Each share had a face value of $1,000,000, totaling $11,000,000 carrying value (₹7,824.85 Lakhs).

- Sale consideration was $121,000 ($11,000 per share), approximately ₹1,10,00,000.

- Company retains 100% equity ownership in Sarla Flex Inc.

- Sarla Flex Inc. has been non-operational since 2017, contributed ₹85.19 Lakhs to revenue in FY 2024-25, and has a negative net worth of ₹4,866.50 Lakhs.