Faze Three Limited has informed the Exchange about Re-classification of status from 'Promoter' of Megamont Limited (Formerly known as V R Woodart Limited) to 'Public' Category
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Faze Three Limited has informed the exchange that it has applied to reclassify its status from 'Promoter' to 'Public' in Megamont Limited (formerly V R Woodart Limited). This follows the sale of its entire 9,00,000 equity shares in Megamont Limited to Ms. Maddukuri Mounica and Mrs. Minal Patil under a Share Purchase Agreement dated March 7, 2025. Post-sale, Faze Three holds Nil shares in Megamont. The mandatory Open Offer triggered by the sale was completed on September 9, 2025. Faze Three has confirmed it is no longer associated with Megamont's business, management, or day-to-day operations and ceases to be a related party.
This is a regulatory housekeeping update confirming Faze Three has fully exited its investment in Megamont Limited. Shareholders should note that Faze Three no longer has any operational or financial interest in Megamont, and the proceeds from the earlier stake sale would have already been reflected in prior financials.