Shradha AI Technologies Limited has completed the divestment of its 45.00% equity shareholding in subsidiary Moodscope AI Private Limited, effective March 28, 2026. The transaction marks a strategic corporate restructuring move as the company streamlines its subsidiary portfolio.

Transaction Details

The divestment involved the sale of 45,000 equity shares of Moodscope AI Private Limited for a total consideration of ₹4.50 lakhs. Following this transaction, Moodscope AI Private Limited has ceased to be a subsidiary of Shradha AI Technologies Limited under Section 2(87) of the Companies Act, 2013.

Buyer Information and Related Party Aspects

The equity shares were acquired by the existing promoters of Moodscope AI Private Limited:

• Mr. Saket Bhattad
• Mr. Kshitij Anant Narayan

While the buyers are promoters of Moodscope AI Private Limited, they are not part of the promoter or promoter group of Shradha AI Technologies Limited. The transaction qualifies as a related party transaction and was conducted on an arm's length basis with due approval from the Audit Committee at its meeting held on February 7, 2026.

Subsidiary Financial Performance

Moodscope AI Private Limited was incorporated on December 2, 2024, and had not commenced operations as of March 31, 2025. The subsidiary's financial contribution during the Financial Year ended March 31, 2025, was minimal:

Regulatory Compliance

The divestment was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not form part of any Scheme of Arrangement, making the provisions of Regulation 37A of the Listing Regulations inapplicable. Additionally, the transaction does not qualify as a slump sale under applicable regulations.

Company Background

Shradha AI Technologies Limited, formerly known as Shradha Industries Limited, is incorporated under CIN L51227MH1990PLC054825. The company is listed on BSE Limited with scrip code 543976 and trades on Metropolitan Stock Exchange of India Limited under the symbol SHRAAITECH. The company's registered office is located in Nagpur, Maharashtra.

Shradha AI Technologies Limited announced its Q3FY26 financial results and strategic subsidiary disposal plan following the board meeting held on February 07, 2026. The company reported mixed quarterly performance while demonstrating strong nine-month growth metrics.

Q3FY26 Financial Performance

The company's standalone financial results for Q3FY26 showed revenue decline compared to previous quarters, with total income reaching ₹348.29 lakhs.

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated positive year-over-year growth across key financial metrics.

Subsidiary Disposal Plan

The board approved the strategic disposal of partly shareholding in Moodscope AI Private Limited, incorporated on December 2, 2024, as part of business restructuring operations.

Consolidated Results

The consolidated financial results include subsidiary performance, showing revenue of ₹316.96 lakhs and net profit of ₹145.71 lakhs for Q3FY26. For nine months, consolidated revenue reached ₹1,362.68 lakhs with net profit of ₹731.82 lakhs.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors Paresh Jairam Tank & Co., Chartered Accountants. The company maintains compliance with SEBI Listing Regulations for Metropolitan Stock Exchange of India Limited and BSE Limited.