Thrive Future Habitats Completes Sale of 58% Stake in Subsidiary Aura Flow Private Limited

Thrive Future Habitats Limited has announced the completion of its subsidiary divestment, marking a significant corporate restructuring move. The company has successfully sold its entire 58% shareholding in Aura Flow Private Limited (AFPL) to an individual buyer, effectively ending its subsidiary relationship with the entity.

Transaction Details

The sale involved the transfer of 1,73,998 equity shares representing a 58% stake in AFPL. The transaction was completed on March 30, 2026, with the company receiving full consideration for the shares.

Parameter: Details Shares Transferred: 1,73,998 equity shares Shareholding Percentage: 58% Total Consideration: INR 1,740 Transaction Date: March 30, 2026 Transferee: Ms. Mei Ling Foon Ming Lee

Financial Impact

The subsidiary's contribution to Thrive Future Habitats' consolidated financials was minimal, as detailed in the regulatory disclosure:

Metric: AFPL Performance Percentage of Consolidated Net Worth: Rs. 3.04 lakhs 1.46% Revenue: NIL 0.00%

The subsidiary had no revenue generation and contributed only 1.46% to the parent company's consolidated net worth, indicating a non-core asset divestment.

Buyer Profile

Ms. Mei Ling Foon Ming Lee, the acquirer of the stake, brings substantial industry experience to her new investment. Key aspects of her professional background include:

Over 25 years of experience in supply chain management and product sourcing

Expertise in business development across consumer and industrial products

Experience in B2B segment, hospitality, and real estate sectors

Educational background: Bachelor of Arts degree from Loreto College, Kolkata

Professional certifications in Business Intelligence (Power BI) and AI tools

Importantly, the buyer is not affiliated with Thrive Future Habitats' promoter group or related entities, making this an arm's length transaction with an independent party.

Regulatory Compliance

The transaction was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The company had initially disclosed its intention to sell the subsidiary stake in November 2025, and the current announcement represents the completion of that previously announced transaction.

The sale was executed without a formal agreement, instead relying on mutually agreed terms and understanding between the parties. This approach, while unconventional, appears to have facilitated a swift completion of the divestment process.

Strategic Implications

With AFPL's cessation as a subsidiary, Thrive Future Habitats has streamlined its corporate structure by divesting a non-revenue generating entity. The transaction, while modest in financial terms, represents the company's focus on optimizing its portfolio and potentially redirecting resources toward more productive ventures.

Thrive Future Habitats Ltd has received formal intimation regarding a proposed inter-se transfer of equity shares between promoters under SEBI takeover regulations. The transaction involves the transfer of shares through gift between immediate family members within the promoter group.

Transaction Details

The proposed acquisition involves the following key parameters:

Parameter: Details Acquirer: Mr. Arvinder Singh Pasricha Seller: Mrs. Aman Pasricha Balsara Shares to be Transferred: 3,00,000 equity shares Percentage of Share Capital: 3.14% Transfer Method: Inter-se transfer through gift Proposed Date: On or after March 17, 2026 Consideration: NIL (Gift transaction)

Regulatory Compliance

The transaction falls within the exemption provisions under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption applies as the transfer occurs between immediate relatives (father and daughter) within the promoter group. The company has submitted the required prior intimation under Regulation 10(5) of the SEBI takeover regulations.

Shareholding Impact

The proposed transfer will result in changes to individual promoter holdings while maintaining the overall promoter group shareholding:

Promoter: Before Transaction After Transaction Shares % Holding Shares % Holding Arvinder Singh Pasricha: 26,36,716 27.58% 29,36,716 30.72% Aman Pasricha Balsara: 22,50,651 23.54% 19,50,651 20.40% Tushar Rohinton Balsara: 3,86,054 4.04% 3,86,054 4.04% Thrive Future Habitats Infra Pvt Ltd: 16,57,820 17.34% 16,57,820 17.34%

Related Corporate Activity

The disclosure also references previous corporate activities involving ador multiproducts , where similar promoter group entities were involved in preferential allotment transactions. In May 2025, these entities acquired 48,87,356 equity shares and 55,91,004 fully convertible warrants in Ador Multiproducts Limited through preferential allotment.

Compliance and Documentation

The acquirer has declared compliance with all applicable disclosure requirements under Chapter V of the SEBI Takeover Regulations, 2011. The necessary documentation has been submitted to BSE Limited and the company's compliance officer for record-keeping purposes. Since no consideration is involved in this gift transaction, pricing-related regulatory requirements are not applicable.

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