Jyothy Labs Limited has announced the sale of its entire 75% equity stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for an aggregate consideration of BDT 3,01,92,134. The transaction was approved by the company’s Board of Directors in a meeting held on March 25, 2025.

Following the sale, JKBL has ceased to be a subsidiary of Jyothy Labs with immediate effect. The company has also executed a Share Purchase Agreement (SPA) with Kallol Enterprise Limited, which previously held a 25% stake in JKBL.

As of March 31, 2024, JKBL contributed BDT 520 lakh in revenue, representing 0.14% of Jyothy Labs’ total revenue. The net worth of JKBL stood at BDT 1,023 lakh, which accounted for 0.42% of the company’s consolidated net worth.

Buyer details and transaction structure

Kallol Enterprise Limited, headquartered in Tejgaon Industrial Area, Dhaka, Bangladesh, is the acquiring entity. While the transaction qualifies as a related party transaction, Jyothy Labs confirmed that it has been executed at arm’s length.

The company has also stated that the transaction does not fall under any Scheme of Arrangement as per SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

In compliance with Regulation 30 of the SEBI LODR Regulations, Jyothy Labs has submitted the required disclosures along with SEBI Circular.