1. Update on Investment in Skizzle Technolabs India Private Limited:
Target Entity: Skizzle Technolabs India Private Limited
Type of Deal: Acquisition of minority stake from existing shareholders
Stake: 49.00% stake
Deal Value: Aggregate consideration not exceeding ₹2,00,00,000 (Rupees Two Crores)
Funding Source: Not explicitly disclosed
Timeline: Acquisition to be completed in one or more tranches on or before March 31, 2027
Conditions: Subject to completion of due diligence, execution of definitive documents, and receipt of applicable approvals
Strategic Rationale: Changes mode of acquisition from fresh investment to purchase from existing shareholders; Skizzle will become an Associate Company post-acquisition
Approval Status: Board-approved
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Additional Notes: Transaction is not a Related Party Transaction; Promoters, Promoter Group and Group Companies have no interest
2. Disinvestment in Inexture Solutions Limited:
Target Entity: Inexture Solutions Limited
Stake Divested: Entire 49.18% stake
Deal Value: Consideration not exceeding ₹1.02 Crores
Financial Impact:
- Turnover contribution: ₹1,902.88 Lakhs as of March 31, 2026
- Net worth contribution: ₹195.17 Lakhs as of March 31, 2026
- Being an associate company, these amounts are not considered for consolidated purposes
Expected Agreement Date: On or before October 26, 2026
Expected Completion Date: Within 60 days of agreement execution
Buyer Details: Individual(s) who do not belong to the promoter and/or promoter group
Transaction Status: Not a related party transaction; Promoters/Promoter group/group companies have no interest
Regulatory Reference: Regulation 30 of SEBI Listing Regulations; SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Outcome: Upon completion, Inexture will cease to be an Associate of the Company
Meeting Details:
The Board Meeting commenced at 11:40 a.m. and concluded at 12:45 p.m. on October 14, 2026.