Megamont Limited has informed about a significant change in its promoter group.

The existing promoter, M/s. Faze Three Limited, has executed a Share Purchase Agreement to sell its entire shareholding in the company.

The buyers, Ms. Mounica Maddukuri and Mrs. Minal Patil, will now become the new promoters.

This event indicates a shift in the company's core ownership, potentially paving the way for new strategic direction and leadership for shareholders.