Sarla Performance Fibers Limited announced on February 04, 2026, that its Board of Directors has approved the sale of 11 (Eleven) 1% Non-Cumulative Redeemable Preference Shares, each with a face value of USD 1,000,000, held in its wholly-owned subsidiary Sarla Flex Inc., USA. The total face value of these shares is USD 11,000,000, with a carrying value of ₹7,824.85 Lakhs in the company's books. The shares are being sold to STAR EXIM GENERAL TRADING L.L.C. for a total consideration of USD 121,000 (USD 11,000 per preference share), which is approximately ₹1,10,00,000 (Rupees One Crore Ten Lakh Only). Upon completion of this transaction, Sarla Performance Fibers Limited will no longer hold any preference shares in Sarla Flex Inc., USA. However, the company will continue to hold 100% of the equity share capital, ensuring Sarla Flex Inc. remains its wholly-owned subsidiary. The agreement for sale is expected to be executed on or before March 31, 2026, with the completion of the sale also scheduled for March 31, 2026. Sarla Flex Inc., USA has been non-operational since 2017 and contributed ₹85.19 Lakhs to the consolidated revenue of Sarla Performance Fibers Limited in FY 2024-25, with a net worth recorded at ₹(4,866.50) Lakhs. The buyer, STAR EXIM GENERAL TRADING L.L.C., does not belong to the promoter, promoter group, or group companies of Sarla Performance Fibers Limited. The transaction is not considered a related party transaction and is outside the scheme of arrangement.
