PVP Ventures Streamlines Portfolio, Strikes Off Safetrunk Services Subsidiary

PVP Ventures Ltd has officially struck off its wholly owned subsidiary, Safetrunk Services Private Limited, as part of a broader strategic restructuring aimed at sharpening its business focus. The decision was approved via a circular resolution dated July 10, 2024, and disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.

 

Safetrunk Services, incorporated to explore digital logistics and storage solutions, had remained largely inactive in recent quarters. The move aligns with PVP Ventures’ ongoing efforts to consolidate operations around its core verticals—real estate development and healthcare services—while exiting non-core or dormant entities.

 

Key Highlights:

 

- Strike-Off Date: Approved on July 10, 2024, by majority board consent

- Reason: Voluntary strike-off due to inactivity and strategic realignment

- Regulatory Filing: Compliant with SEBI Listing Regulations, Part A of Schedule III

- Impact: No material financial impact reported; part of broader simplification strategy

- Recent Moves: Follows divestment of other subsidiaries like PVP Global Ventures and PVP Media Ventures in FY24

 

The company’s FY25 filings also reflect a shift toward healthcare investments, including the acquisition of Humain Healthtech Pvt Ltd, and a renewed focus on monetizing its Perambur land parcel through joint ventures with leading developers.

 

With this latest move, PVP Ventures signals a leaner, more focused operational structure as it prepares for upcoming real estate launches and healthcare platform expansion.

 

Source: PVP Ventures Exchange Filing, Value Research, Canara Bank Securities