Transaction Details

Elpro Realty Private Limited (formerly known as Faridabad Management Private Limited), a wholly owned subsidiary of Elpro International Limited, has acquired equity shares of Quest Academy Limited.

Target Entity Information

Quest Academy Limited

  • Corporate Identification Number (CIN): U70100MH1995PLC089149
  • Date of Incorporation: June 5, 1995
  • Industry: Real estate activities
  • Country of presence: India

Financial Details of Target

Turnover (last 3 financial years):

  • FY 2025-26: Revenue from Operations - Nil, Other income - Nil, Total - Nil
  • FY 2024-25: Revenue from Operations - Nil, Other income - Nil, Total - Nil
  • FY 2023-24: Revenue from Operations - Nil, Other income - Nil, Total - Nil

Net Worth (FY 2025-26): ₹2.90 Crores

Transaction Structure

  • Nature of consideration: Cash consideration
  • Total holding after fresh acquisition: 33,00,000 Equity Shares
  • Effect: Quest Academy Limited becomes a wholly owned subsidiary of Elpro Realty Private Limited

Regulatory and Compliance Aspects

  • Not a related party transaction
  • No promoter/promoter group/group companies have any interest in the acquired entity
  • No governmental or regulatory approvals required for the acquisition
  • No indicative time period provided for completion (marked as N.A.)

Purpose of Acquisition

The acquisition will make Quest Academy Limited a wholly owned subsidiary of Elpro Realty Private Limited.