We wish to inform that the shareholders of the Company has earlier on February 23, 2022 has approved the de-subsidization of its wholly owned subsidiary - Marathalli Ventures Private Limited ....
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Satchmo Holdings has completed the sale of its wholly owned subsidiary Marathalli Ventures Private Limited (MVPL) by transferring 90% of its shares to Aviral Commercial Services LLP and Vital Realcon LLP for Rs. 25 lakhs. The Share Purchase Agreement was signed on December 24, 2025, and the transaction was completed on January 9, 2026. The divestment, originally approved by shareholders in February 2022, was contingent on the company settling its debt with lenders, which has now been achieved with full one-time settlement and receipt of no-dues certificates. MVPL contributed only 10% of income (Rs. 158 lakhs) but carried a deeply negative networth of Rs. 23,149 lakhs, making this a meaningful deleveraging move. The buyers are not related parties, and the company will provide handholding support during a transition period for pending litigations.
The sale removes a heavily loss-making subsidiary with a massive negative networth (Rs. 231+ crore deficit) from Satchmo's books for a nominal Rs. 25 lakhs, effectively cleansing the balance sheet. This is likely a positive for shareholders as it eliminates a major drag, though the token sale price reflects the subsidiary's distressed condition rather than value accretion.