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.

Mayank Cattle Food Limited has announced the resignation of its secretarial auditor M/s Dixit Shah & Associates for the Financial Year 2025-26. The company informed the Bombay Stock Exchange about this development on March 25, 2026, in compliance with regulatory requirements under SEBI regulations.

Resignation Details

M/s Dixit Shah & Associates, Practicing Company Secretaries, submitted their resignation as the company's secretarial auditor through a resignation letter dated March 25, 2026. The resignation became effective from the close of business hours on March 25, 2026.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided all required details as specified under SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Auditor's Statement

In their resignation letter, Dixit Shah & Associates confirmed that there are no other material reasons for their resignation beyond the stated professional commitments. The firm also conveyed no objection to the appointment of any other Peer Reviewed Practicing Company Secretary as a replacement secretarial auditor for the company.

Company Information

The announcement was signed by Ajay Popatlal Vachhani, Whole-Time Director (DIN: 00585290) of Mayank Cattle Food Limited. The company, formerly known as Mayank Cattle Food Private Limited, is engaged in cattle food manufacturing and is based in Rajkot, Gujarat.