Board Meeting Details
The Board of Directors meeting was held on August 01, 2026, commencing at 2:00 PM.
Investment Approval
The Board approved an investment of ₹400,13,065/- (Four Crore Thirteen Thousand Sixty Five only) into ERECH TRADE API LLP.
Target Entity Details
ERECH TRADE API LLP is a limited liability partnership firm:
- Incorporated in 2022 under The Limited Liability Partnership Act, 2008
- LLPIN: ABC-6533
- Business: E-payment services in India and abroad, including issue, servicing and dealing in all kinds of payment products
Financial Performance of Target Entity
Revenue from Operations:
- 3 months ended June 30, 2026: ₹50,000 lakhs (Provisional)
- Financial year 2026: ₹403,559.10 lakhs
- Financial year 2025: ₹331,810.3 lakhs
- Financial year 2024: ₹199,946.8 lakhs
Transaction Details
- Investment Amount: ₹400,13,065/- (Four Crore Thirteen Thousand Sixty Five only)
- Stake Acquired: 98% partnership stake in ERECH TRADE API LLP
- Consideration Type: Cash contribution
- Transaction Type: Not a related party transaction
- Transaction Basis: Conducted at arm's length
- Completion Timeline: 2 months
Strategic Rationale
The investment is made to add a new growth driver both domestically and globally. The company believes it can supplement and complement the business of ERECH TRADE API LLP and bring significant value to both entities, their customers, and shareholders.