MITCON Subsidiary Stake Sale for ₹49,000; MIAMPL to become Subsidiary
MITCON's subsidiary, MSPL, will sell a stake in MIAMPL for ₹49,000 on December 31, 2025. MIAMPL will become a subsidiary instead of a wholly owned one. The sale aims to boost MIAMPL's operations.
The sale of a subsidiary's stake for ₹49,000 represents a very small fraction of MITCON's overall financials. The impact on the parent company's revenue, profit, or net worth is minimal.
The transaction is a minor stake sale with a small consideration, and its impact on the parent company is limited. While it aims to boost the subsidiary's operations, the immediate financial impact is negligible.
MITCON Consultancy & Engineering Services Limited (MITCON) announced that its wholly owned subsidiary, MITCON Sun Power Limited (MSPL), has entered into Share Purchase Agreements to sell a portion of its stake in its own wholly owned subsidiary, MITCON Impact Asset Management Private Limited (MIAMPL).
This transaction, executed on December 31, 2025, will result in MIAMPL ceasing to be a wholly owned subsidiary of MSPL and continuing as a subsidiary. The sale involves an aggregate of 4,900 Equity Shares of ₹10 each, at a consideration of ₹10 per share, totaling ₹49,000. The buyers are Mr. Suresh Goyal, acquiring 2,600 shares, and Vaultustech India Private Limited, acquiring 2,300 shares. These buyers do not belong to the promoter, promoter group, or group companies.
The net worth contributed by MIAMPL to MSPL was ₹8,51,000 (0.06% on standalone and consolidated basis), and its turnover was ₹28,10,000 (0.50% on standalone and 0.24% on consolidated basis) during the last financial year. The transaction is expected to be completed within 15 working days from the execution date, upon fulfillment of conditions subsequent. The divestment is anticipated to boost the business operations of the subsidiary.
Following the transaction, MSPL's shareholding in MIAMPL will reduce from 100% to 51%, with Mr. Suresh Goyal holding 26% and Vaultustech India Private Limited holding 23%. There will be no change in the shareholding of MSPL or MITCON Consultancy and Engineering Services Limited.
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MITCON Consultancy & Engineering Services Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by MITCON Consultancy & Engineering Services Limited. Read the original for the full detail.