Revised Intimation of Sale of its Shareholding in Subsidiary Company Almondz Global Infra-Consultant Limited
ALMONDZ · price
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Almondz Global Securities has sold 32,85,000 shares (20.63% of paid-up capital) of its subsidiary AGICL to Almondz Finanz Limited, a group (sister concern) company, for a total consideration of about Rs. 18.57 crore on March 30, 2026. After this transaction, the company's holding in AGICL comes down from about 79% to 58.52%, and AGICL continues to remain a subsidiary. AGICL is a significant contributor, accounting for around 76% of the parent's income and 15% of its net worth (FY25 audited numbers). The transaction is a related party deal but has been carried out at arm's length, and there is no mention of an open offer being triggered.
This is an internal group restructuring rather than an outside sale — the stake has moved within related entities and AGICL is still a subsidiary, so control and consolidation remain unchanged. Shareholders should note the buyer is a group company, which may attract governance scrutiny, but no immediate impact on listing status or open offer obligation is indicated.