Date: September 17, 2026
Disinvestment / Strategic Actions
Crizac Limited has revised its previously disclosed investment transaction in Edument Consultancy Private Limited ("Edument"). The revision follows Mr. Chandra Shekhar Sharma, one of the shareholders of Edument, withdrawing his consent for the sale of 107 Compulsorily Convertible Preference Shares (CCPS) held by him, amounting to ₹1,03,654.
Consequently:
- The acquisition of these 107 CCPS will not be undertaken
- The consideration of ₹1,03,654 already paid by the Company for these shares has been received back
- The aggregate consideration for the acquisition stands revised from ₹1,24,76,944 to ₹1,23,73,290
- The number of CCPS being acquired reduces from 5,444 to 5,337
- Upon completion of the transaction and conversion of the acquired securities into equity shares, the Company's expected stake in Edument's fully diluted share capital decreases from 37.41% to approximately 36.80%
Except for this change, there are no other modifications to the transaction as previously disclosed.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and serves as a continuation to the company's earlier disclosure dated June 15, 2026.