Asit C Mehta Financial Services Ltd — Important, 14-05-2026: Company Update

Asit C. Mehta Financial Services' material subsidiary, ACMIIL, has approved the sale of its Mutual Fund Distribution business to Wealth Company Private Limited for ₹6.59 Cr via a slump sale. This strategic move aims to enhance ACMIIL's net worth, reduce its involvement in underperforming business lines, and strengthen its focus on core operations. The divested business generated ₹2.42 Cr in turnover for ACMIIL last fiscal year, representing 3.39% of its total turnover. This transaction is anticipated to conclude by July 31, 2026, without affecting the parent company's shareholding pattern.