Mayank Cattle Food Ltd. Sells Stake in Subsidiary Nanogen Agrochem
Mayank Cattle Food Ltd. announced today, March 27, 2026, the sale of a 64.96% stake in its subsidiary, Nanogen Agrochem Private Limited. The transaction involved the disposal of shares representing 64.96% of Nanogen Agrochem’s total 65.00% shareholding.The company received Rs. 64,960 (Rupees Sixty Four Thousand Nine Hundred Sixty only) for the sale. The buyer, Shingala Chandresh Manilal, is located in Junagadh, Gujarat, and is not affiliated with Mayank Cattle Food's promoter group or group companies. The transaction was completed on March 27, 2026, with no prior sale agreement executed.
According to data as of March 31, 2025, Nanogen Agrochem contributed 0.40% to the company's consolidated income (amounting to 156.99 lakhs) and 65% to its consolidated net worth (valued at 7.2 lakhs). The subsidiary does not meet the definition of a “Material Subsidiary” as defined by SEBI regulations. The transaction is not considered a related party transaction.
| SR NO. | PARTICULARS | DETAILS |
|---|---|---|
| 01 | Contribution to consolidated income as on March 31, 2025 | Percentage(%): 0.40% Amount: 156.99 lakhs |
| 02 | Contribution to consolidated Net Worth as on March 31, 2025 | Percentage(%): 65% Amount: 7.2 Lakh |
| 04 | Completion Date | 27.03.2026 |
| 05 | Buyer Details | Name: Shingala Chandresh Manilal Address: Pushty Prmey, S. B. S. Colony Road, Anand Park Society, Manavader, Junagadh, Gujrat-362630. Not affiliated with promoter/ promoter group/group companies. |
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