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43 Assets held for sale and disposals |
The Group has classified the remaining holdings from the sale of KTM Sportcar GmbH as well as the shares in KISKA GmbH as ‘held for sale’. The resulting impact on the net assets, financial position and results of operations of the Group can be seen in the table below:
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As at 31 March |
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Particulars |
2026 |
2025 |
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Non-current assets: |
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Investments accounted for using the equity method (refer note a below) |
13.74 |
– |
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Current assets: |
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Inventories ((refer note b below) |
60.94 |
– |
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74.68 |
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a |
At the end of December 2025, the Group made the strategic decision to sell the 20% share in KISKA GmbH. As of 31 December 2025, the Group has classified and valued these shares as ‘held for sale’ because pre-contractual agreements have already been reached with the majority shareholder in KISKA GmbH and the sale was therefore highly likely. |
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Subsequently, the share in KISKA GmbH held for sale was sold to the previous majority shareholder, Loxone GmbH, at a balance sheet value of ₹ 13.74 crore. The Group did not receive any gains from the sale as a result. The agreement provides for payment of the purchase price in several annual tranches, starting on 1 July 2026. The last payment is to be made on 1July 2029. (Refer section B.1 of material accounting policies) |
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b |
At the end of December 2025, the inventories in KTM Sportcar GmbH were classified and valued as ‘held for sale’ on the signing of a letter of intent to sell. The inventories relate to KTM XBOW finished products associated with the transaction, which will be successively sold to the buyer at book value. |