This is to inform that the Board of Directors of the Company at its meeting held today i.e. May 14 2026 inter alia considered and approved sale of Mutual Fund Distribution business of its material Subsidiary Company Asit C. Mehta Investment Interrmediates Limited (ACMIIL) to Wealth Company Private Limited (WCPL) through a slump sale for an aggregate cash consideration of ? 6.59 crore. The completion of sale of Mutual Fund Distribution business of ACMIIL shall be subject to the terms and conditions mutually agreed between the parties. This transaction is aimed to improve net worth of the material subsidiary reduce exposure to product/business that are below breakeven and to strengthen strategic focus on the core business operations of the material subsidiary company.
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