Centrum Capital Limited has successfully completed the transfer of its Merchant Banking Division to its subsidiary and received regulatory approval for surrendering its merchant banking certificate. The company informed stock exchanges about these significant corporate developments through a regulatory filing on March 20, 2026.

Business Transfer Agreement Completion

The Business Transfer Agreement (BTA) that was initially disclosed on January 30, 2026, has now become effective. Under this arrangement, Centrum Capital Limited has transferred and sold its entire Merchant Banking Division to Centrum Broking Limited, which is a subsidiary of the company.

SEBI Regulatory Approval

The Securities and Exchange Board of India (SEBI) has granted approval for the company's application to surrender its Certificate of Registration as a Merchant Banker. This certificate was originally obtained under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992.

Corporate Restructuring Strategy

This transaction represents a strategic restructuring within the Centrum Capital group, consolidating merchant banking operations under its subsidiary Centrum Broking Limited. The slump sale structure allows for the transfer of the entire division as a going concern, maintaining operational continuity while reorganizing the corporate structure.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, keeping stakeholders informed throughout the process. The completion of both the business transfer and regulatory approval marks the successful conclusion of this corporate reorganization initiative.

Centrum Capital Limited has completed the divestment of its entire stake in material subsidiary Centrum Housing Finance Limited (CHFL) to Weaver Services Private Limited on March 18, 2026. This transaction marks the culmination of a corporate restructuring process that began several months earlier.

Transaction Timeline and Regulatory Approvals

The divestment process commenced on August 22, 2025, when Centrum Capital entered into a Share Purchase Agreement (SPA) with Weaver Services Private Limited for the transfer of its complete shareholding in CHFL. The transaction was subject to various statutory, regulatory, and corporate approvals, along with specific conditions precedent.

A crucial regulatory milestone was achieved when the Reserve Bank of India granted approval for the proposed change in control on February 3, 2026. This approval was formally disclosed by the company on February 4, 2026, clearing the path for the transaction's completion.

Corporate Impact and Subsidiary Status

With the completion of this sale, CHFL will cease to be a subsidiary of Centrum Capital Limited. This represents a significant change in the company's corporate structure, as CHFL was classified as a material subsidiary, indicating its substantial contribution to the parent company's operations.

The transaction involved the complete divestment of Centrum Capital's shareholding in the housing finance entity, transferring full ownership and control to Weaver Services Private Limited. This strategic move aligns with corporate restructuring objectives and regulatory compliance requirements.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency for all stakeholders.

The completion of this divestment transaction represents a significant corporate development for Centrum Capital Limited, reshaping its subsidiary portfolio and potentially impacting its future business operations and financial structure.