Anupam Rasayan India Limited (the "Company") has completed the acquisition of 1,000 equity shares of face value INR 10 each, representing 100% of the paid-up equity share capital, in Mates Visa Consultancy Private Limited (the "Target"). The acquisition was completed on July 17, 2026, pursuant to the execution of Form SH-4 with the sellers of the shares, making the Target a wholly-owned subsidiary of the Company.

Transaction Details

  • Number of shares acquired: 1,000 equity shares
  • Face value per share: INR 10
  • Percentage of shareholding acquired: 100% of paid-up equity share capital
  • Acquisition price per share: INR 10
  • Total consideration: INR 10,000 (Indian Rupees Ten Thousand)
  • Form of consideration: Cash
  • Completion date: July 17, 2026

Target Company Information

  • Date of incorporation: May 25, 2022
  • Business activities: Immigration and visa consultancy services, overseas education/travel consultancy, IELTS/PTE test preparation, passport documentation assistance, NRI services, outsourcing services, and educational advisory services
  • Turnover history:
  • FY 2023-24: INR 0.28 crore
  • FY 2024-25: INR 0.29 crore
  • FY 2025-26: INR 0.31 crore (audited)

Purpose and Impact

The acquisition is being undertaken as part of a group restructuring exercise to structurally rationalize the Company's investments, including its proposed acquisition of the equity shares of Bliss GVS Pharma Limited. The Target will act as a person acting in concert ("PAC") with the Company for this proposed acquisition under the applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.

The Target's board and shareholders have passed necessary resolutions to amend the objects of the Target to align with the objects permitted to the Company under its own Memorandum of Association. The Target is in the process of amending its name to fit the updated objects.

Regulatory and Compliance Aspects

The acquisition does not fall within the definition of a related party transaction. The promoter/promoter group/group companies do not have any interest in the Target. No governmental or regulatory approvals were required for this acquisition.