Shradha AI Technologies Divests Stake in Moodscope AI Private Limited
Nagpur – March 28, 2026 – Shradha AI Technologies Limited (formerly Shradha Industries Limited) announced the divestment of its 45.00% equity shareholding in Moodscope AI Private Limited (CIN: U58201MH2024PTC435978) on March 28, 2026.The divestment was a follow-up to a prior communication dated February 7, 2026, regarding the outcome of the company’s fourth Board Meeting of FY 2025-26. As a result of the sale, Moodscope AI Private Limited is no longer considered a subsidiary of Shradha AI Technologies Limited, effective March 28, 2026, in accordance with Section 2(87) of the Companies Act, 2013.
The aggregate consideration received for the divestment totaled ₹ 4,50,000. The shares were acquired by existing promoters of Moodscope AI Private Limited, Mr. Saket Bhattad and Mr. Kshitij Anant Narayan, who are not part of the promoter or promoter group of Shradha AI Technologies Limited. The transaction was conducted at arm’s length and approved by the Audit Committee on February 7, 2026.
According to disclosures, Moodscope AI Private Limited was incorporated on December 2, 2024. During the Financial Year ended March 31, 2025, the subsidiary, being in its initial incorporation phase, reported NIL income and a net worth of (₹ 7.62 Lakhs).
Table: Details of Divestment
| Particulars | Details |
|---|---|
| Name of Company Ceasing to be Subsidiary | Moodscope AI Private Limited |
| Income (FY 2025) | NIL |
| Net Worth (FY 2025) | (₹ 7.62 Lakhs) |
| Date of Agreement Execution | March 28, 2026 |
| Date of Completion | March 28, 2026 |
| Consideration Received | ₹ 4,50,000 |
| Buyers | Mr. Saket Bhattad and Mr. Kshitij Anant Narayan (existing promoters of Moodscope AI Private Limited) |
| Related Party Transaction | Yes, conducted at arm’s length |
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