Choice International Limited has disclosed a material event pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

  • Number of shares acquired: 10,000 equity shares
  • Face value per share: ₹10
  • Price per share: ₹6,222
  • Total consideration: ₹6,22,20,000 (Rupees Six Crore Twenty-Two Lakh Twenty Thousand only)
  • Percentage acquired: 100% of paid-up equity share capital

Corporate Structure Impact

Consequent to the acquisition, Choice Proptech Solutions Private Limited has become a Wholly Owned Subsidiary of Choice International Limited (previously being its step-down subsidiary).

Related Party Transaction Status

The transaction is classified as a related party transaction since it involves acquisition from Choice Consultancy Services Private Limited, which is a subsidiary of Choice International Limited.

Valuation and Approval Process

The consideration was determined by an independent Registered Valuer and the transaction was undertaken on an arm's length basis. The transaction received prior approval of the Audit Committee and the approval of the Board of Directors. It does not qualify as a material related party transaction under Regulation 23 of SEBI LODR Regulations and therefore does not require shareholder approval.

Target Company Information

Choice Proptech Solutions Private Limited

  • Date of Incorporation: March 09, 2011
  • Business: Technology-driven real estate distribution, marketing, and advisory platform for facilitating sale, purchase, leasing, licensing, and transfer of real estate properties
  • Industry: Technology-driven real estate distribution, marketing, and advisory services
  • Countries of presence: India

Financial Performance of Target Company

Turnover History:

  • 2025-26: ₹245.57 lakhs
  • 2024-25: ₹213.64 lakhs
  • 2023-24: ₹223.35 lakhs

Net Worth as of March 31, 2026: ₹137.43 lakhs

Purpose and Impact

The acquisition is part of an internal group restructuring to simplify the Group's corporate structure and improve operational efficiency. There is no material impact on the business or operations of the listed entity, and the acquisition does not result in any change in the business activities of Choice International Limited.

Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition.

Timeline

The indicative time period for completion of the acquisition is up to August 31, 2026.