The deal, executed as a slump sale on 26 March 2025, involves an upfront payment of Rs 113 crore by 29 March, with the remaining Rs 50 crore due by 15 April, subject to final adjustments, it added.
The company stated that the decision to divest the die-casting business is to ?streamline operations, focus on core business areas, and enhance shareholder value.?
The transaction remains subject to the fulfillment of conditions precedent agreed upon by both parties and is expected to be completed by 31 March 2025.
Sandhar Ascast, formerly known as Sandhar Tooling, is a wholly owned subsidiary of Sandhar Technologies, specializing in manufacturing automotive components for original equipment manufacturers (OEMs) in India and overseas. In the 2023-24 financial year, Sandhar reported a turnover of Rs 17.38 crore and a net worth of Rs 22.63 crore.
Sundaram Clayton (SCL) is a leading manufacturer of engineered aluminum die-cast components for the automotive sector.
The company reported a consolidated net loss of Rs 44.15 crore in Q3 FY25, compared with a net loss of Rs 62.90 in Q3 FY24. Revenue from operations declined 3.9% year on year to Rs 529.35 in Q3 FY25.
Sundaram Clayton to transfer its aluminium die casting biz to Sandhar Ascast
27 - Mar - 2025 12:00 | 7 days ago
Sundaram Clayton announced that Sandhar Ascast (SAPL), wholly owned subsidiary of Sandhar Technologies has entered into a business transfer agreement with the company on 26 March 2025 for acquisition of high pressure and low pressure aluminium die casting business of the company at its Hosur plant, by way of slump sale on a going concern basis.
Board of Sundaram Clayton recommends interim dividend
22 - Mar - 2025 12:00 | 12 days ago
Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 21 March 2025, inter alia, have recommended the interim dividend of Rs 4.75 per equity Share (i.e. 95%) , subject to the approval of the shareholders.
Sundaram Clayton to transfer its aluminium die casting biz to Sandhar Ascast
27 - Mar - 2025 12:00 | 7 days ago
Sundaram Clayton announced that Sandhar Ascast (SAPL), wholly owned subsidiary of Sandhar Technologies has entered into a business transfer agreement with the company on 26 March 2025 for acquisition of high pressure and low pressure aluminium die casting business of the company at its Hosur plant, by way of slump sale on a going concern basis.
Board of Sundaram Clayton recommends interim dividend
22 - Mar - 2025 12:00 | 12 days ago
Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 21 March 2025, inter alia, have recommended the interim dividend of Rs 4.75 per equity Share (i.e. 95%) , subject to the approval of the shareholders.
The deal, executed as a slump sale on 26 March 2025, involves an upfront payment of Rs 113 crore by 29 March, with the remaining Rs 50 crore due by 15 April, subject to final adjustments, it added.
The company stated that the decision to divest the die-casting business is to ?streamline operations, focus on core business areas, and enhance shareholder value.?
The transaction remains subject to the fulfillment of conditions precedent agreed upon by both parties and is expected to be completed by 31 March 2025.
Sandhar Ascast, formerly known as Sandhar Tooling, is a wholly owned subsidiary of Sandhar Technologies, specializing in manufacturing automotive components for original equipment manufacturers (OEMs) in India and overseas. In the 2023-24 financial year, Sandhar reported a turnover of Rs 17.38 crore and a net worth of Rs 22.63 crore.
Sundaram Clayton (SCL) is a leading manufacturer of engineered aluminum die-cast components for the automotive sector.
The company reported a consolidated net loss of Rs 44.15 crore in Q3 FY25, compared with a net loss of Rs 62.90 in Q3 FY24. Revenue from operations declined 3.9% year on year to Rs 529.35 in Q3 FY25.
Sundaram Clayton to transfer its aluminium die casting biz to Sandhar Ascast
27 - Mar - 2025 12:00 | 7 days ago
Sundaram Clayton announced that Sandhar Ascast (SAPL), wholly owned subsidiary of Sandhar Technologies has entered into a business transfer agreement with the company on 26 March 2025 for acquisition of high pressure and low pressure aluminium die casting business of the company at its Hosur plant, by way of slump sale on a going concern basis.
Board of Sundaram Clayton recommends interim dividend
22 - Mar - 2025 12:00 | 12 days ago
Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 21 March 2025, inter alia, have recommended the interim dividend of Rs 4.75 per equity Share (i.e. 95%) , subject to the approval of the shareholders.
The deal, executed as a slump sale on 26 March 2025, involves an upfront payment of Rs 113 crore by 29 March, with the remaining Rs 50 crore due by 15 April, subject to final adjustments, it added.
The company stated that the decision to divest the die-casting business is to ?streamline operations, focus on core business areas, and enhance shareholder value.?
The transaction remains subject to the fulfillment of conditions precedent agreed upon by both parties and is expected to be completed by 31 March 2025.
Sandhar Ascast, formerly known as Sandhar Tooling, is a wholly owned subsidiary of Sandhar Technologies, specializing in manufacturing automotive components for original equipment manufacturers (OEMs) in India and overseas. In the 2023-24 financial year, Sandhar reported a turnover of Rs 17.38 crore and a net worth of Rs 22.63 crore.
Sundaram Clayton (SCL) is a leading manufacturer of engineered aluminum die-cast components for the automotive sector.
The company reported a consolidated net loss of Rs 44.15 crore in Q3 FY25, compared with a net loss of Rs 62.90 in Q3 FY24. Revenue from operations declined 3.9% year on year to Rs 529.35 in Q3 FY25.
Sundaram Clayton to transfer its aluminium die casting biz to Sandhar Ascast
27 - Mar - 2025 12:00 | 7 days ago
Sundaram Clayton announced that Sandhar Ascast (SAPL), wholly owned subsidiary of Sandhar Technologies has entered into a business transfer agreement with the company on 26 March 2025 for acquisition of high pressure and low pressure aluminium die casting business of the company at its Hosur plant, by way of slump sale on a going concern basis.
Board of Sundaram Clayton recommends interim dividend
22 - Mar - 2025 12:00 | 12 days ago
Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 21 March 2025, inter alia, have recommended the interim dividend of Rs 4.75 per equity Share (i.e. 95%) , subject to the approval of the shareholders.
Sundaram Clayton to transfer its aluminium die casting biz to Sandhar Ascast
27 - Mar - 2025 12:00 | 7 days ago
Sundaram Clayton announced that Sandhar Ascast (SAPL), wholly owned subsidiary of Sandhar Technologies has entered into a business transfer agreement with the company on 26 March 2025 for acquisition of high pressure and low pressure aluminium die casting business of the company at its Hosur plant, by way of slump sale on a going concern basis.
Board of Sundaram Clayton recommends interim dividend
22 - Mar - 2025 12:00 | 12 days ago
Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 21 March 2025, inter alia, have recommended the interim dividend of Rs 4.75 per equity Share (i.e. 95%) , subject to the approval of the shareholders.
