UFO Moviez Divests 90% Stake in Wholly Owned Subsidiary Upmarch Media

UFO Moviez India Limited's Board of Directors has approved the disinvestment of a 90% stake in its wholly owned subsidiary, Upmarch Media Network Private Limited, to Dr. Sunil Patil. The transaction, approved on August 19, 2026, involves transferring 180,000 shares at a face value of ₹10 each, aggregating to ₹18 lacs. UFO Moviez will retain a 10% stake. Upmarch, incorporated in August 2023, has had no business operations to date. The sale is expected to be completed by September 18, 2026. This is not a related party transaction, and Upmarch will cease to be a subsidiary post-completion. The net worth of Upmarch as of March 31, 2026, was ₹17.61 lacs, representing 0.05% of UFO Moviez's consolidated net worth.