Mefcom Capital Markets Ltd. announced the sale of its entire stake in its subsidiary, Mefcom Securities Limited, to Mr. Vijay Mehta, the company’s Promoter and Managing Director. The transaction, valued at ₹8.58 per share, involved the transfer of 29,99,800 equity shares for a total consideration of ₹2,57,88,480. This disposal is a related party transaction conducted at arm’s length, finalized on September 17, 2026.
Mefcom Capital Markets Divests Subsidiary
Mefcom Capital Markets Ltd. has completed the divestment of its entire shareholding in its subsidiary company, Mefcom Securities Limited. The sale was executed through a share purchase agreement dated 27th August 2026. The buyer is Mr. Vijay Mehta, who serves as the Promoter and Managing Director of Mefcom Capital Markets Ltd.
Transaction Details
The valuation of Mefcom Securities Limited was based on a report dated 13.08.2026 prepared by M/s Satya Prakash Garg & Co., the company’s Statutory Auditors. Considering the Audited Financial Statements as of 31.03.2026, the share price was determined at ₹8.58 per equity share. Consequently, a total of 29,99,800 equity shares were transferred to Mr. Vijay Mehta at this price.
Financial Contribution of Subsidiary
As of 31.03.2026, Mefcom Securities Limited contributed ₹512.84 crore in turnover/revenue/income, representing 4.51% of the consolidated figures. Its net worth stood at ₹60.24 crore, which was 3.31% of the consolidated net worth. The consolidated financial figures for Mefcom Capital Markets Ltd. as of the same date show a turnover/revenue/income of ₹11368.72 crore and a net worth of ₹1817.28 crore.
Related Party Transaction
The transaction is classified as a related party transaction, as the buyer, Mr. Vijay Mehta, is the Managing Director and Promoter of Mefcom Capital Markets Ltd. The company has confirmed that the transaction was conducted at arm’s length. The sale agreement was entered into on 27th August 2026, and the disposal was completed on 17th September 2026.
Consideration and Confirmation
The total consideration received for the sale of the subsidiary amounted to ₹2,57,88,480. The company has duly disclosed this information as per the LODR Regulations, SEBI Master Circular SEBI/HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026.
Source: BSE
