The Company has divested its 45.00% equity Shareholding in Moodscope AI Pvt Ltd (Subsidiary Co. of the Co.) on 28.03.2026.Consequently, the Moodscope AI Pvt Ltd ceased to be the Subsidiary ....
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Shradha AI Technologies has sold its entire 45% equity shareholding in Moodscope AI Private Limited, effective March 28, 2026, for a total consideration of ₹4.50 Lakhs. Following this divestment, Moodscope AI has ceased to be a subsidiary of the company. The buyers are the existing promoters of Moodscope AI — Mr. Saket Bhattad and Mr. Kshitij Anant Narayan — who are not part of Shradha's promoter group. Notably, Moodscope AI was incorporated only in December 2024 and had not commenced operations as of March 31, 2025, with NIL revenue and a negative net worth of ₹7.62 Lakhs. The transaction was classified as a related party deal but was carried out at arm's length and approved by the Audit Committee on February 7, 2026.
This is a minor, portfolio-cleanup transaction with negligible financial impact, given the small sale value and the fact that the subsidiary had not started any business. Shareholders are unlikely to see any meaningful change in the company's financials or stock price as a result of this divestment.