Satchmo Holdings Ltd — Important, 10-01-2026: Company Update

Satchmo Holdings has successfully divested its wholly-owned subsidiary, Marathalli Ventures Private Limited (MVPL), by selling 90% of its shares. This move follows shareholder approval in February 2022 and the recent settlement of MVPL's outstanding debt. MVPL reported an income of 1.58 Cr and a negative net worth of (231.49) Cr in the last financial year. The company received 0.25 Cr for the sale, completed on January 09, 2026. This de-subsidizes MVPL, removing it from Satchmo's control, though Satchmo will provide transition support and manage certain pending litigations for a few months. This divestment helps streamline operations by shedding a subsidiary with negative net worth.