Satchmo Holdings Limited has incorporated a wholly owned subsidiary to expand its business operations into facility management services. The company announced the formation of Satchmo Services Private Limited on January 21, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary operates under the Corporate Identification Number U82990KA2026PTC214612 and has been established with specific capital parameters:

Business Focus and Operations

Satchmo Services Private Limited has been incorporated to promote facility management services, including business support services and combined facilities support services. The subsidiary will operate in the service industry sector, representing a strategic expansion for the parent company.

Investment and Shareholding Structure

Satchmo Holdings Limited made an initial investment through NEFT bank transfer to establish the subsidiary:

Management and Regulatory Framework

The subsidiary has been established with Mr. Ramesh Karur Raghavendran and Mr. Pradeep Narayan as the first directors. The registered office is located at No. 110, C Wing, Andrews Building, Level 1, M G Road, Bengaluru-560 001, Karnataka, India.

The company will require regulatory approvals from Private Security Agency Licensing Portal, PSARA, and other applicable authorities as needed for its operations. Since this is a newly incorporated entity, no historical turnover data is available.

Corporate Compliance

The incorporation follows the company's earlier communication dated January 15, 2025, and complies with SEBI Circular No CIR/CFD/CMD/4/2015 dated September 09, 2015. As a wholly owned subsidiary, the initial subscription does not fall within related party transaction requirements under the regulatory framework.

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.