Subsidiaries31 March 2026 at 06:41 am
Almondz Global Securities Ltd Transfers 20.63% Share Capital of Subsidiary to Almondz Finanz Limited
AI Summary
Almondz Global Securities Limited has transferred/sold 32,85,000 shares equivalent to 20.63% total share capital of its subsidiary company, Almondz Global Infra- Consultant Limited (AGICL) to Almondz Finanz Limited on March 30, 2026. This transaction has reduced the Company’s shareholding in AGICL to 58.52% of the total paid-up share capital, and AGICL continues to remain a subsidiary of the Company. The income and net worth of AGICL for the last financial year were 11,486.96 Lacs and 3658.62 Lacs respectively, contributing 76% to the total income and 15% to the net worth of Almondz Global Securities Ltd.
Key Highlights
- Almondz Global Securities Ltd transferred 20.63% share capital of its subsidiary AGICL to Almondz Finanz Limited
- The transaction reduced the Company’s shareholding in AGICL to 58.52% of the total paid-up share capital
- AGICL contributed 76% to the total income and 15% to the net worth of Almondz Global Securities Ltd for the last financial year
- Almondz Finanz Limited, a group company, is the buyer
- The transaction was conducted at arm’s length basis