Satchmo Holdings Ltd

We wish to inform that the shareholders of the Company has earlier on Feb 23 2022 has approved the de-subsidization of its wholly owned subsidiary - Marathalli Ventures Private Limited (MVPL) subject to the condition precedent of completion of final OTS with its existing lender or on receipt of NOC from Lender.The Company has already settled its entire debt outstanding with ARC and has also received the no dues certificates from the existing lender.The Company has earlier executed the Share Purchase Agreement (SPA) for sale of its holdings in MVPL and on Jan 09 2026 has sold 90% shares held in MVPL to new investor as intimated on Jan 09 2026 and MVPL is no longer a subsidiary from that date.The Company has further today on Jan 16 2026 has also sold the balance 10% of shares held in MVPL to the same investor and stands 100% divested.Further as per SPA during the transition period Company shall provide handholding support for condition precent/subsequent for next few months.