Mayank Cattle Food Limited has announced the appointment of M/s. Ishali Desai & Associates as its Secretarial Auditor for the Financial Year 2025-26. The appointment was formalized during a Board meeting held on March 27, 2026, following the recommendation of the company's Audit Committee.

Appointment Details

The company has informed the Bombay Stock Exchange about this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Ajay Popatlal Vachhani, Whole-Time Director of the company.

About the Appointed Firm

M/s. Ishali Desai & Associates is a peer-reviewed firm of Company Secretaries in practice that offers comprehensive consulting and advisory services in corporate law. The firm specializes in several key areas including:

• Corporate Secretarial Services
• Secretarial Audit
• SEBI compliances
• Business Setup
• Compliance relating to Fund Raise

Regulatory Compliance

The appointment aligns with corporate governance requirements and ensures the company maintains proper secretarial audit functions for the upcoming financial year. The company has provided all necessary details as required under SEBI regulations, including the firm's profile and appointment terms.

Company Information

Mayank Cattle Food Limited, formerly known as Mayank Cattle Food Private Limited, operates from Rajkot, Gujarat. The company is listed on the Bombay Stock Exchange with scrip code 544106 and symbol MCFL.

Mayank Cattle Food Limited has completed the divestment of its majority shareholding in subsidiary Nanogen Agrochem Private Limited, marking a significant corporate restructuring move. The company transferred 64.96% of its total 65.00% shareholding in the subsidiary, effectively reducing its control to a minimal stake.

Transaction Details

The share sale transaction was executed on March 27, 2026, without a formal sale agreement. The company disclosed this development to the Bombay Stock Exchange in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Impact

Nanogen Agrochem Private Limited's contribution to the parent company's financials as of March 31, 2025, remained relatively modest. The subsidiary's financial footprint demonstrates its limited operational scale within the group structure.

Regulatory Compliance

The transaction falls outside the purview of related party transactions, as the buyer Shingala Chandresh Manilal has no affiliation with the promoter group or group companies. The subsidiary does not qualify as a "Material Subsidiary" under Regulation 16(1)(c) of SEBI Listing Regulations as of March 31, 2025.

The divestment does not involve any scheme of arrangement and was executed as a straightforward equity transfer. The company confirmed that all regulatory disclosures have been made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Corporate Structure Impact

With this divestment, Mayank Cattle Food Limited has significantly reduced its exposure to Nanogen Agrochem Private Limited's operations. The transaction represents a strategic decision to streamline the company's subsidiary portfolio and focus resources on core business activities. The modest consideration amount of Rs.64,960 reflects the subsidiary's limited asset base and operational scale.