Mach Travel Divests 60% Stake in Travexel Events

Mach Travel Solutions Ltd announced the divestment of a 60% equity stake and 100% Redeemable Preference Share in its subsidiary, Travexel Events and Travel Private Limited. The transaction, approved by the Board of Directors on August 1, 2026, involves 15,000 equity shares and 485,000 preference shares. Post-divestment, Travexel will no longer be a subsidiary. Travexel contributed Rs. 13,52,20,363 to the consolidated turnover in FY 25-26, with a net worth of Rs. (28,44,442) as of March 31, 2026. The sale consideration is Rs. 150,000 for equity and Rs. 4,850,000 for preference shares. The transaction is expected to be completed by September 29, 2026, and is not considered a related party transaction.