Steelman Telecom Ltd (543622) — Board Meeting | 25 September 2026 (2 announcements)

Steelman Telecom announced the sale of 75,000 shares in its subsidiary EC Wheels India, reducing its stake from 50.08% to 49.47% and ending subsidiary status. The transaction, valued at Rs. 7.5 lakhs, involved three employees as buyers and was approved by the board on 25 September 2026. The sale is part of routine regulatory disclosure under SEBI LODR.

Steelman Telecom's board approved the sale of 75,000 equity shares in EC Wheels India Private Limited at Rs.10 per share for Rs.7.5 lakhs total, reducing its stake from 50.08% to 49.47%. The transaction includes a related party sale to CFO Mohit Agarwal approved by the Audit Committee and complies with SME listing exemptions.