Divestment28 March 2026 at 01:11 pm
Shradha AI Technologies Ltd Divests 45.00% Equity Shareholding in Moodscope AI Pvt Ltd
AI Summary
Shradha AI Technologies Ltd has divested its 45.00% equity shareholding in Moodscope AI Pvt Ltd, its subsidiary, on 28.03.2026. This decision was made pursuant to the 4th Board Meeting of FY 2025–26 held on 07th February 2026. Moodscope AI Pvt Ltd has ceased to be a subsidiary of the Company within the meaning of Section 2(87) of the Companies Act, 2013, with effect from 28th March, 2026. The disclosure required under Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is given as Annexure.
Key Highlights
- Shradha AI Technologies Ltd has divested its 45.00% equity shareholding in Moodscope AI Pvt Ltd.
- Moodscope AI Pvt Ltd has ceased to be a subsidiary of the Company within the meaning of Section 2(87) of the Companies Act, 2013.
- The divestment was made pursuant to the 4th Board Meeting of FY 2025–26 held on 07th February 2026.
- The transaction was carried out at arm’s length basis and has been duly approved by the Audit Committee of the Company.
- The transaction does not form part of any Scheme of Arrangement.