Business Update11 Sept 2026, 03:26 pm
Munoth Financial Services to transfer DP business operations
AI Summary
Munoth Financial Services Ltd announced that its Board of Directors has granted in-principle approval for the transfer and migration of its Depository Participant (DP) business operations and client accounts. The company cited that the DP business revenue is not substantial and it's no longer commercially viable to maintain standalone operations. The company is seeking an eligible registered DP to handle the migration. This transaction will be subject to finalization of terms, definitive agreements, and necessary statutory approvals from NSDL, SEBI, and other authorities. The DP business contributed ₹317.26 thousand in revenue, representing 7.67% of the total revenue for the last financial year.
Key Highlights
- Board approves in-principle transfer of DP business operations.
- DP business revenue deemed not substantial for standalone operations.
- Company to focus on core business activities.
- Transaction subject to regulatory approvals and definitive agreements.
- DP business contributed 7.67% of total revenue last FY.
Price Impact
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