We wish to inform that the shareholders of the Company has earlier on Feb 23, 2022 has approved the de-subsidization of its wholly owned subsidiary - Marathalli Ventures Private Limited ....
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Satchmo Holdings has fully exited its wholly owned subsidiary Marathalli Ventures Private Limited (MVPL) by selling the remaining 10% stake, completing the sale that began on January 10, 2026. The buyers are Aviral Commercial Services LLP and Vital Realcon LLP, who together paid Rs. 25 lakhs in total for 100% of MVPL's shares. The subsidiary had contributed only Rs. 158 lakhs (10%) to income but carried a deeply negative networth of Rs. 23,149 lakhs. Shareholders had originally approved this divestment back in February 2022, and the transaction is not a related party deal. The company will provide handholding support and handle pending litigations during the transition period.
The sale removes a heavily loss-making subsidiary (networth of negative Rs. 23,149 lakhs) from Satchmo's books, which could clean up the consolidated balance sheet. However, the consideration received is nominal (Rs. 25 lakhs total), so this is more about shedding liabilities than generating value for shareholders. Buyers are unrelated parties, and the company retains responsibility for pending litigations during transition.