Subsidiary27 Mar 2026, 12:27 pm
Mayank Cattle Food Ltd Transfers Majority Stake in Subsidiary Nanogen Agrochem
AI Summary
Mayank Cattle Food Ltd has transferred 64.96% of its total 65.00% shareholding in Nanogen Agrochem Private Limited. The subsidiary does not fall under the definition of ‘Material Subsidiary’ as on 31st March, 2025. The subsidiary contributed 0.40% to the consolidated income and 65% to the consolidated net worth of the company in the last financial year. The sale of shares was made on 27.03.2026 to Shingala Chandresh Manilal, who is not a part of the promoter/promoter group/group companies. The transaction is not a related party transaction and is not part of a Scheme of Arrangement.
Key Highlights
- Transfer of 64.96% stake in subsidiary Nanogen Agrochem Private Limited
- Subsidiary not classified as a ‘Material Subsidiary’
- Contribution of 0.40% to consolidated income and 65% to consolidated net worth in the last financial year
- Sale to an unaffiliated third party
- Not a related party transaction