Alok Industries International Limited (AIIL), a step-down wholly owned subsidiary of Alok Industries Limited, has entered into a Share Purchase Agreement (SPA) with CRESCON, a.s. for the sale of its entire 100% equity stake in Mileta a.s. The transaction, announced on December 16, 2025, involves an aggregate cash consideration of EUR 558,825 (approximately ₹5.2 crore). Mileta a.s. is engaged in the manufacturing of textile fibres, fabrics, wholesale trade, yarn dyeing, and chemical processing. In FY 2024-25, Mileta recorded a turnover of CZK 421,339 thousand (approximately ₹340 crore), contributing about 4.11% to Alok Industries' consolidated turnover. As of March 31, 2025, Mileta had a net worth of CZK 161,553 thousand (approximately ₹130 crore), while Alok Industries' consolidated net worth was negative ₹16,755.15 crore. The sale is subject to customary closing conditions and is anticipated to be completed by March 2026. Following the completion of the sale, Mileta will no longer be a subsidiary of Alok Industries. This transaction is not considered a related party transaction. CRESCON, a.s. is a Czech Republic-based company involved in residential and resort property development and is not associated with Alok Industries' promoter or group.