Mefcom Capital Markets Limited announced that its Board of Directors has approved the sale of its entire shareholding in its subsidiary, M/s. Mefcom Securities Limited, to Mr. Vijay Mehta, Promoter and Managing Director. This decision follows prior approvals from BSE and NSE and shareholder consent from the Annual General Meeting. The sale is based on a valuation report, with the transaction set to occur at ₹8.58 per equity share.
Board Approves Strategic Share Sale
The Board of Directors of Mefcom Capital Markets Limited has greenlit the sale of the company’s entire stake in its subsidiary, M/s. Mefcom Securities Limited. The buyer is Mr. Vijay Mehta, who holds the positions of Promoter and Managing Director of Mefcom Capital Markets Limited. This significant strategic move was deliberated and approved during the Board Meeting held on Thursday, August 13, 2026.
Transaction Details and Approvals
The approval to proceed with the sale and transfer of shares comes after obtaining necessary clearances. These include prior approvals from BSE, dated March 23, 2026, and NSE, dated April 23, 2026. Furthermore, shareholder consent for this transaction was secured during the Annual General Meeting held on August 8, 2026. The basis for the transaction is a Valuation Report dated August 13, 2026, prepared by M/s Satya Prakash Garg & Co., the company’s Statutory Auditors. This report considered the Audited Financial Statements of Mefcom Securities Limited as of March 31, 2026.
Valuation and Share Transfer
The valuation report has determined the per-share value of Mefcom Securities Limited at ₹8.58 (Rupees Eight and Fifty-Eight Paise only). Consequently, Mefcom Capital Markets Limited will transfer 29,99,800 equity shares of Mefcom Securities Limited to Mr. Vijay Mehta at this stipulated price. The company’s unaudited financial results for the quarter ended June 30, 2026, were also reviewed and approved during the same Board meeting.
Unaudited Financial Results
In addition to the subsidiary stake sale, the Board reviewed and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Copies of these results, along with the Limited Review Report, have been furnished separately.
Source: BSE
