The management's intent is subject to the approval of the Board and any other requisite approvals. A news article regarding this development was published in the Divya Bhaskar newspaper on 8th July 2026 and was enclosed with this regulatory filing.
Key Details from the Enclosed News Article:
- The signing ceremony for the agreement was represented by Dr. Ajay Kumar, Chairman of the Fox Petroleum Group (representing Danube Industries), and Nrupal Shah, Chairman and Managing Director of Shree Info Solutions Private Limited.
- The collaboration is described as a strategic milestone in the shared vision of both organizations to contribute significantly to India's rapidly growing Information Technology sector.
- Under this strategic understanding, Danube Industries will provide the necessary financial support to support the continuous expansion and growth of Shree Info Solutions Pvt Ltd.
- The companies aim to leverage their combined financial strength, technological excellence, and capability to deliver world-class digital solutions across India.
- Shree Info Solutions Private Limited is characterized as a company that holds "100% Government Orders."
- Danube Industries has set a turnover target of ₹250 crore.
- As part of its future plans, the company intends to launch an Aerospace & Defense Division, marking its entry into the aerospace, defense, and advanced technology domains.
This disclosure was digitally signed by Meena Sunil Rajdev, Managing Director (DIN: 08060219), on behalf of Danube Industries Limited.