Nature of the Event
Details of the Acquisition
Acquiring Entity: Crizac Ltd, a wholly-owned subsidiary of Crizac Limited. It is a private company limited by shares incorporated under the Companies Act, 2006, with its registered office at 24 Great Chapel Street, Soho, London, England, W1F 8FS.
Target Entity: Inova Consultancy Limited, a company incorporated under the Companies Act, 1985 on 19th August 2004. Its registered office is at Office 104, Spaces, Pennine Five, Block 2, 1 Tenter street, Sheffield, South Yorkshire, S1 4BY, United Kingdom.
Transaction Details: Crizac Ltd acquired 100% of the shareholding, comprising 10 ordinary shares, in Inova Consultancy Limited.
Cost of Acquisition: The shares were acquired for a total consideration of £742,378.
Form of Consideration: The consideration will be paid in the form of cash, which may be paid in one or more tranches.
Financial Details of the Target
Turnover History:
- For the year ended March 31, 2026 (FY26): £442,360
- For the year ended March 31, 2025 (FY25): £386,514
- For the year ended March 31, 2024 (FY24): £590,632
Business and Strategic Rationale
Business of Target: Inova Consultancy Limited is engaged in international education, marketing, and student recruitment consultancy.
Impact of Acquisition: The acquisition will increase the Company's footprint in Mexico. Pursuant to this acquisition, the Company has entered into the new market destination of the Netherlands.
Regulatory and Transactional Information
Related Party Transaction: The transaction does not fall under the ambit of a Related Party Transaction. The Promoter/promoter group/group companies of the Company do not have any interest in Inova Consultancy Limited.
Governmental Approvals: No governmental or regulatory approvals are required for this acquisition.
Completion Timeline: The indicative time period for completion of the acquisition is 15 October 2026.