Voltas Limited (VOLTAS)
Outcome of Board Meeting
Proposed Joint Venture with Atomberg Innovation Private Limited
- Board approved Binding Term Sheet for JV to develop, manufacture, commercialize Room AC compressors
- JV aims to build indigenous compressor technology, enhance supply chain resilience, increase localization
- JV to be equally held by Voltas and AIPL, Board with 5 directors (3 Voltas nominees, 2 AIPL nominees)
- Transaction subject to due diligence, definitive agreements, and approvals
- AIPL not related to Voltas or promoter group
Source: Original filing PDF
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🚨 VOLTAS — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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