Key Quantitative Figures
Acquisitions:
- Cash & Carry Middle East FZCO (CCME UAE): Total acquisition cost ₹127,72,50,000 (One Hundred Twenty-Seven Crore Seventy-Two Lakhs Fifty Thousand)
- Share swap component: ₹112,72,50,000 for 45% stake (2,25,000 shares)
- Cash component: ₹15,00,00,000 for 6% stake
- Total stake acquired: 51%
- Interlink Distribution LLC: Total acquisition cost ₹20,34,22,490 (Twenty Crore Thirty-Four Lakhs Twenty-Two Thousand Four Hundred Ninety) for 52% stake via share swap
Preferential Issue:
- Cash subscription: Up to 1,80,00,000 equity shares at ₹10 per share aggregating ₹18,00,00,000 (Eighteen Crores)
- Share swap for CCME UAE: Up to 11,27,25,000 equity shares at ₹10 per share aggregating ₹112,72,50,000
- Share swap for Interlink: Up to 2,03,42,249 equity shares at ₹10 per share aggregating ₹20,34,22,490
Financial Metrics of Target Companies:
CCME UAE (as of June 30, 2026):
- Turnover: AED 6,90,25,527
- Net Profit: AED 43,98,509
- Share Capital: AED 5,00,000
- 3-year turnover: AED 210,317,326 (2023), AED 181,202,977 (2024), AED 180,930,851 (2025)
Interlink (as of June 30, 2026):
- Turnover: AED 70,35,716
- Net Profit: AED 540,610
- Share Capital: AED 1,00,000
- 3-year turnover: AED 13,57,855 (2023), AED 16,06,154 (2024), AED 77,66,374 (2025)
Stock Split:
- 1:10 split ratio - 1 equity share of ₹10 face value to be subdivided into 10 equity shares of ₹1 face value each
- Post-split authorized share capital: 200,00,00,000 shares of ₹1 each (₹200,00,00,000)
- Post-split issued capital: 196,31,72,490 shares of ₹1 each (₹196,31,72,490)
Parties Involved
Companies:
- CCME Global Limited (acquirer)
- Cash & Carry Middle East FZCO (target)
- Interlink Distribution LLC (target)
- Akasam Consulting Private Limited (SEBI registered Category-I Merchant Banker)
Individuals:
- Promoters involved in related party transaction:
- Mr. Padmanabhan Krishnamoorthy (80% shareholder in CCME UAE)
- Ms. V Varalakshmi (20% shareholder in CCME UAE)
- Non-promoter investors in preferential issue:
- Mr. Muhammed Habibullah Noor
- Mr. Suresh Ramani Kumar
- Mr. Vidhu Mohan Pillai
- Interlink shareholder: Mr. Mostafa Ahmed Kabir
- Board appointments: Ms. Ami Oza (DIN: 11385775) recommended as Independent Non-Executive Director
- Service providers:
- Mr. Piyush A Gohel (Scrutinizer for e-voting)
- Central Depository Services (India) Limited (e-voting facilitator)
Purpose and Rationale
Acquisitions:
- CCME UAE: Strategic entry into Middle East and African markets, consolidation of business operations, achieving operational synergies and market diversification
- Interlink: Strengthen market presence, introduce new offerings, diversify product portfolio, optimize resources, broaden customer base
Stock Split: Enhance liquidity in capital market and encourage participation of small investors by making equity shares more affordable
Registered Office Shift: From Andhra Pradesh to Maharashtra
Capital Structure Impact
Post-acquisition and preferential issue:
- Total equity shares to be issued: 15,10,67,249 shares
- 1,80,00,000 shares for cash subscription
- 11,27,25,000 shares for CCME UAE acquisition
- 2,03,42,249 shares for Interlink acquisition
- Post-issue share capital: 196,31,72,490 shares of ₹10 each (pre-split)
Post-stock split:
- Authorized share capital: 200,00,00,000 shares of ₹1 each
- Issued capital: 196,31,72,490 shares of ₹1 each
Governance Matters
- Constitution of Preferential Issue Committee (PIC)
- Appointment of Monitoring Agency for preferential issue
- Approval of Directors Report and annexures for FY 2025-2026
- Approval of 34th Annual Report
- Regularization of Ms. Ami Oza as Independent Director to be proposed at AGM
Voting Arrangements
- E-voting to be conducted by CDSL
- Mr. Piyush A Gohel appointed as Scrutinizer
- Cut-off date for e-voting entitlement to be determined
#Tags: #CCMEGlobal #Acquisition #PreferentialIssue #StockSplit #SEBIDisclosure #RegulatoryCompliance #CorporateActions #Neutral