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.

Business Match Services (India) Private Limited has disclosed the creation of additional pledges on its equity shareholding in Centrum Capital Limited, as reported to stock exchanges under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The Mumbai-based company created pledges on 27,00,000 additional equity shares of Centrum Capital Limited across multiple transactions between March 4-13, 2016. All pledge creations were attributed to additional security requirements due to fluctuations in market price.

Pledge Creation Details

The pledge transactions were executed across seven different entities over a period of ten days:

Current Shareholding Position

Business Match Services (India) Private Limited maintains a significant stake in Centrum Capital Limited with the following position:

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting of encumbrance creation by promoters. The company submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited on March 13, 2016.

Market Context

All pledge creations were specifically cited as "additional pledge due to fluctuation in Market Price," indicating that the transactions were necessitated by changing market valuations requiring additional collateral security. The pledges were created across a diversified set of financial institutions and trading companies, spreading the encumbrance risk across multiple entities.

Centrum Capital Limited shares are listed on both Bombay Stock Exchange Limited and National Stock Exchange of India Limited, providing liquidity for the pledged securities.