Satchmo Holdings Ltd — Important, 16-01-2026: Company Update

Satchmo Holdings has completed the divestment of its wholly-owned subsidiary, Marathalli Ventures Private Limited (MVPL). Following an earlier sale of 90%, the company has now sold its remaining 10% stake, divesting 100% of MVPL. The total consideration received for 100% of MVPL shares is 0.25 Cr. For the last financial year, MVPL contributed 0.0158 Cr to Satchmo's income and had a negative net worth of 231.49 Cr. Satchmo will provide transitional support, including managing pending litigations, for a few months. This move fully exits a subsidiary that had a negative net worth, simplifying operations.