Intimation for the sale of equity share held by the company in the subsidiary company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mayank Cattle Food Ltd (MCFL) has sold nearly its entire 64.96% stake (out of 65%) in its subsidiary Nanogen Agrochem Private Limited on March 27, 2026. The subsidiary was not classified as a 'Material Subsidiary' and contributed only 0.40% of consolidated revenue (₹156.99 lakhs) and 65% of consolidated net worth, which was just ₹7.2 lakhs. The total sale consideration was a nominal Rs. 64,960. The buyer, Shingala Chandresh Manilal, is not related to the promoter group, and the transaction is not a related party deal. No formal sale agreement was executed, and the transaction was completed on the same day.
The impact on shareholders is minimal since the divested subsidiary was non-material, contributing less than half a percent of consolidated revenue and had a negligible net worth of just ₹7.2 lakhs. Investors are unlikely to see any meaningful change in the company's financial profile or stock price from this transaction.