Satchmo Holdings Limited has completed the full divestment of its wholly owned subsidiary Marathalli Ventures Private Limited (MVPL), selling its remaining 10% stake on January 16, 2026. This follows the company's earlier intimation regarding the sale of 90% holdings to new investors, bringing the total divestment to 100% of shares in MVPL.

Transaction Details

The divestment was executed according to the terms agreed by the Board of Directors and completed under a Share Purchase Agreement entered into on December 24, 2025. The buyers, Aviral Commercial Services LLP and Vital Realcon LLP, are not related to the promoter or promoter group, making this a non-related party transaction.

Financial Consideration

The consideration structure reflects the complete exit from the subsidiary investment. The company received ₹2.50 lakhs for the final 10% stake, bringing the total consideration to ₹25.00 lakhs for the entire shareholding in MVPL.

MVPL's Financial Contribution

Marathalli Ventures Private Limited's financial performance data reveals its contribution to the parent company's operations. The subsidiary generated income of ₹158 lakhs, representing 10% of Satchmo Holdings' total revenue. However, MVPL carried a significant negative networth of ₹23,149 lakhs.

Regulatory Compliance and Transition

The divestment was conducted outside any scheme of arrangement, with the company having obtained shareholders' approval on February 23, 2022, in compliance with Regulation 37A of SEBI (LODR) regulations. During the transition period, Satchmo Holdings will provide handholding support and bear responsibility for satisfying conditions precedent and subsequent, including certain pending litigations and implementation of related resolutions.

Strategic Implications

The complete exit from MVPL represents a strategic decision by Satchmo Holdings to divest from a subsidiary that, while contributing 10% to revenue, carried substantial negative networth. The transaction allows the company to focus resources on core operations while transferring operational responsibilities to the new investors under agreed transition arrangements.

Satchmo Holdings Limited has announced the successful commencement of production at its food manufacturing facility through a wholly owned subsidiary, marking a significant milestone in the company's strategic expansion into the food industry.

Production Facility Details

The company has successfully commissioned its manufacturing facility (Food Factory) for production of various packaged food items. The facility is equipped to produce a diverse range of products targeting the growing packaged food market.

Current Operations Status

The subsidiary has commenced operations and started production specifically for sampling and testing purposes. This initial phase is crucial for quality assurance and product refinement before market launch. Upon successful completion of this testing phase, the company expects to launch its first set of packaged food products in the market during the current quarter.

Investment and Strategic Significance

Satchmo Holdings has made substantial capital expenditure (CAPEX) investment in the subsidiary towards establishing the initial production capacity of the food manufacturing facility. This investment represents a significant component of the company's strategic expansion plans and future growth trajectory in the food industry.

The development follows the company's earlier intimation regarding the incorporation of a wholly owned subsidiary specifically for undertaking food and catering business operations. This move demonstrates Satchmo Holdings' commitment to diversifying its business portfolio and entering the lucrative food manufacturing sector.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this material business development.