Anant Raj Ltd has constituted a committee to evaluate potential demerger for the data center business and has appointed Anish Sarin, Grandson of Ashok Sarin as Director.
The company reported significant growth in profitability and strengthened its balance sheet during the year, supported by improved cash flows and healthy investor confidence following the successful QIP raise of approximately Rs 1,100 crore.
For FY26, the company’s total assets increased to Rs 5,590.55 crore from Rs 4,346.27 crore in FY25, while cash and cash equivalents surged to Rs 806.90 crore, reflecting enhanced financial strength and liquidity.
“Considering the growing scale, future growth prospects, and capital-intensive nature of both businesses, it is imperative to segregate them into independent entities with dedicated management teams and focused leadership,” the company said in a statement.
The demerger will enable operational efficiency and management focus in addition to facilitating independent strategies for growth, funding, and capital allocation.
“The committee may seek help from domain experts, Directors, Senior Management, and External advisors, as may be required to frame final proposal for the Board, enabling Board to take final decision in this regard. The Committee shall inter-alia, evaluate merger/ demerger structure, options, and strategy to achieve the same and recommend the final proposal/ scheme to the Board,” it said in the statement.
Source: Economic Times