Faze Three Limited Executes Megamont Stake Sale Through Off-Market Transfer

Faze Three Limited has executed the sale of its entire stake in Megamont Limited through off-market transfer on March 30, 2026. The company sold 9,00,000 equity shares pursuant to the Share Purchase Agreement with Ms. Mounica Maddukuri and Mrs. Minal Patil, reducing its shareholding to nil and formally disclosed the transaction under Regulation 29(2) of SEBI regulations.

Off-Market Share Transfer Execution

The off-market transfer of equity shares was completed on March 30, 2026, under the Share Purchase Agreement dated March 07, 2025. Faze Three Limited, acting as the seller along with persons acting in concert, transferred the shares to Ms. Mounica Maddukuri and Mrs. Minal Patil as acquirers.

Transaction Details: Information Shares Sold: 9,00,000 equity shares Sale Date: March 30, 2026 Transfer Mode: Off-market transfer Acquiring Parties: Ms. Mounica Maddukuri and Mrs. Minal Patil Agreement Date: March 07, 2025

Shareholding Position Changes

Prior to the transaction, Faze Three Limited held 9,00,000 shares representing 3.12% of total share capital and 2.70% of total diluted share capital of Megamont Limited. Following the complete divestment, the company's shareholding stands at nil across all categories.

Shareholding Summary: Before Sale After Sale Number of Shares: 9,00,000 NIL % of Total Share Capital: 3.12% NIL % of Diluted Capital: 2.70% NIL Voting Rights: 3.12% NIL

Regulatory Compliance and Disclosure

Faze Three Limited submitted the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on March 31, 2026. The disclosure was signed by Akram Sati, Company Secretary and Compliance Officer, and submitted to BSE Limited where Megamont Limited shares are listed under scrip code 523888.

Target Company Capital Structure

Megamont Limited's equity share capital remains unchanged at Rs. 28,88,18,060, comprising 2,88,81,806 equity shares of face value Rs. 10 each. The total diluted share capital stands at Rs. 33,36,18,060, representing 3,33,61,806 equity shares assuming full conversion of outstanding convertible securities.

Capital Structure: Details Equity Share Capital: Rs. 28,88,18,060 Number of Shares: 2,88,81,806 Face Value per Share: Rs. 10 Diluted Share Capital: Rs. 33,36,18,060 BSE Scrip Code: 523888

Promoter Structure Transition

This transaction represents the culmination of Faze Three Limited's complete disengagement from Megamont Limited. The company had previously applied for reclassification from promoter category to public category under Regulation 31A(10) of SEBI LODR Regulations, following the completion of the open offer process initiated in September 2025.

Megamont Limited (formerly v r woodart ) has issued a clarification to BSE Limited regarding price movement in its securities following a surveillance inquiry. The company responded on March 20, 2026, to address concerns raised by the exchange's surveillance department.

Response to BSE Surveillance Inquiry

The company received a surveillance letter from BSE Limited on March 19, 2026, seeking clarification regarding price movement and volume behavior in Megamont Limited's securities across exchanges. The inquiry was referenced as L/SURV/ONL/PV/SJ/2025-2026/3448 and was communicated via email.

Parameter: Details Response Date: March 20, 2026 BSE Scrip Code: 523888 Inquiry Reference: L/SURV/ONL/PV/SJ/2025-2026/3448 Signatory: Minal Gaurav Patil, Whole time Director DIN: 10579156

Compliance with Disclosure Regulations

Megamont Limited confirmed its adherence to regulatory requirements in its response. The company stated that it has made all required disclosures pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015. These disclosures include all price-sensitive information that has a bearing on the company's operations and performance, submitted within stipulated timelines to stock exchanges where the company's securities are listed.

Current Disclosure Status

The company clarified that it has made all necessary disclosures under SEBI LODR Regulations and confirmed that there is currently no undisclosed information or event that may have a bearing on the price or volume behavior of its securities. This statement indicates the company's position that all material information affecting its stock performance has been properly disclosed to the exchanges.

Corporate Information

The response was signed by Minal Gaurav Patil, Whole time Director of Megamont Limited, with DIN 10579156. The company operates from its registered office at 202, Options Primo, Marlo Indus Retail Area, MIDC Cross Road, No 21, Andheri (E), Chakala MIDC, Mumbai, Maharashtra, India, 400093. The company maintains investor communication through email at investors@vrwoodart.com and phone numbers 91 (22) 43514444 and 66604600.

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