Mefcom Capital Markets Ltd.

Transaction Details

  • The company entered into a Share Purchase Agreement dated August 27, 2026, for the disposal of its entire shareholding in subsidiary Mefcom Securities Limited.
  • The buyer is Mr. Vijay Mehta, who is the Promoter and Managing Director of Mefcom Capital Markets Ltd. and Whole-Time Director Cum Promoter of Mefcom Securities Limited.
  • The transaction was completed on September 17, 2026, with transfer occurring in the Demat account.

Valuation and Consideration

  • The valuation was determined by M/s Satya Prakash Garg & Co., Statutory Auditors of the Company, based on a valuation report dated August 13, 2026.
  • Valuation considered the Audited Financial Statements of Mefcom Securities Limited as at March 31, 2026.
  • The value per equity share was determined at ₹8.58 (Rupees Eight and Fifty-Eight Paise only).
  • Total consideration received: ₹2,57,88,480 (Two Crore Fifty-Seven Lakh Eighty-Eight Thousand Four Hundred Eighty Rupees).
  • Number of shares transferred: 29,99,800 equity shares of Mefcom Securities Limited.

Financial Impact of Subsidiary

Based on financials as of March 31, 2026:

  • Subsidiary Contribution:
  • Turnover/Revenue/Income: ₹512.84 crore (4.51% of consolidated turnover)
  • Net Worth: ₹60.24 crore (3.31% of consolidated net worth)
  • Consolidated Financials:
  • Total Turnover/Revenue/Income: ₹11,368.72 crore
  • Total Net Worth: ₹1,817.28 crore

Regulatory and Compliance Aspects

  • The transaction qualifies as a Related Party Transaction.
  • The company confirms the transaction was conducted at "arm's length."
  • The sale falls outside any Scheme of Arrangement.
  • Regulation 37A of LODR Regulations is applicable.
  • The transaction does not qualify as a slump sale (Not Applicable).