Mefcom Capital Markets disposed of its entire shareholding in subsidiary Mefcom Securities Limited to promoter and managing director Vijay Mehta. The transaction, valued at ₹2.58 crore, was completed on September 17, 2026, following a share purchase agreement dated August 27, 2026.

The sale involved the transfer of 29,99,800 equity shares of Mefcom Securities Limited at a price of ₹8.58 per share. This valuation was determined by statutory auditors Satya Prakash Garg & Co., based on the audited financial statements of the subsidiary as on March 31, 2026.

Transaction Details

The disposal was structured as a related-party transaction conducted at arm's length. The company disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact

The subsidiary contributed ₹512.84 crore to the group's turnover during the last financial year, representing 4.51% of the consolidated revenue of ₹11,368.72 crore. Its net worth stood at ₹60.24 crore, accounting for 3.31% of the consolidated net worth of ₹1,817.28 crore as on March 31, 2026.

What the Numbers Show

The sale consideration of ₹2.58 crore is significantly lower than the subsidiary's standalone net worth of ₹60.24 crore. This divergence suggests the valuation was driven by specific factors assessed by the statutory auditors rather than a direct pro-rata reflection of book value, warranting close attention to the valuation methodology used in the report dated August 13, 2026.

Mefcom Capital Markets promoter Priyanka Mehta has acquired 20,00,000 equity shares, representing a 4.38% stake in the company, through an off-market inter-se transfer. The acquisition, executed via a gift deed from immediate relative Karan Mehta, was disclosed to the BSE on September 17, 2026.

The transaction falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It reflects a restructuring of holdings within the promoter group rather than an open-market purchase or external investment. The formal disclosure was submitted on September 18, 2026, by Karan Mehta, confirming the disposal to his immediate relative.

Shareholding Changes

Prior to the transfer, Priyanka Mehta held 17,500 shares (0.04%). Following the receipt of the gifted shares from Karan Mehta, her holding increased to 20,17,500 shares, or 4.41% of the total voting capital.

Karan Mehta’s stake correspondingly decreased by 4.38%, dropping from 36,25,000 shares (7.93%) to 16,25,000 shares (3.56%).

Other promoters, including Vijay Mehta (65.09%), Ikma Infoway Private Limited (1.37%), and Vijay Mehta & Sons (0%), saw no change in their respective stakes during this transaction.

What the Numbers Show

The promoter group’s aggregate holding remains static at 3,40,13,255 shares, constituting 74.43% of the total voting capital. This indicates that the gift deed served purely as an internal reallocation of equity among persons acting in concert, with no dilution or accretion to the group’s overall control over the company. No encumbrances or pledges were reported on the transferred shares.