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Divestment13 Aug 2026, 08:00 pm

Mefcom Capital Markets to sell entire stake in Mefcom Securities

AI Summary

Mefcom Capital Markets Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved the sale and transfer of its entire shareholding in its subsidiary, Mefcom Securities Limited, to Mr. Vijay Mehta, Promoter and Managing Director. The valuation per equity share of Mefcom Securities Limited was determined at ₹8.58 based on a report by the company's statutory auditors. The company will transfer 29,99,800 equity shares. The Board also considered and approved the unaudited financial results for the quarter ended June 30, 2026.

Key Highlights

  • Board approved sale of entire stake in subsidiary Mefcom Securities.
  • Sale is to Promoter and MD, Mr. Vijay Mehta.
  • Valuation set at ₹8.58 per equity share.
  • 29,99,800 equity shares to be transferred.
  • Unaudited financial results for Q1 FY27 were also approved.