Mefcom Capital Markets Limited’s Board of Directors has approved the sale and transfer of its entire shareholding in its subsidiary, M/s. Mefcom Securities Limited, to Mr. Vijay Mehta, Promoter and Managing Director. This decision, made based on a valuation report, follows prior approvals from BSE and NSE, and shareholder consent at the Annual General Meeting. The transaction involves 29,99,800 equity shares at ₹8.58 per share.
Board Approves Strategic Divestment
Mefcom Capital Markets Limited announced today that its Board of Directors has given the green light for the sale and transfer of its entire stake in its subsidiary, M/s. Mefcom Securities Limited. This significant strategic move was approved during a board meeting held on August 13, 2026.
Key Transaction Details
The sale is to Mr. Vijay Mehta, who serves as both the Promoter and Managing Director of Mefcom Capital Markets Limited. The valuation of Mefcom Securities Limited was determined by a report from M/s Satya Prakash Garg & Co., the company’s Statutory Auditors. The per-share price for the transaction has been set at ₹8.58 (Rupees Eight and Fifty-Eight Paise only). Consequently, the company will transfer 29,99,800 equity shares of its subsidiary to Mr. Mehta.
Prior Approvals and Shareholder Consent
This decision follows necessary prior approvals, including those received from BSE on March 23, 2026, and NSE on April 23, 2026, concerning changes in the shareholding of Mefcom Securities Limited. Furthermore, the transaction received formal approval from the shareholders of Mefcom Capital Markets Limited during their Annual General Meeting held on August 8, 2026.
Financial Results Reviewed
The board meeting also considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The approved results, along with the Limited Review Report from the statutory auditors, were shared as part of the disclosure.
Consolidated Impact and Future Outlook
The auditor’s report on the consolidated financial results highlights that as per the recent AGM on August 8, 2026, shareholders decided that the entire stake in the subsidiary is to be sold or dissolved. This will result in the company having no subsidiary, thus eliminating the need for consolidated financials in subsequent quarters. The subsidiary’s financial contribution for the quarter ended June 30, 2026, included total revenues of ₹424.23 Lakhs and a net profit of ₹118.74 Lakhs.
Source: BSE
